Toosla: Invest Securities resets its rating to "buy

(CercleFinance.com) - After placing Toosla 'under review' at the end of July, Invest Securities has reinstated its rating on the company to 'buy', with a target price of two euros, 'on the basis of new estimates which have been significantly revised downwards, but which have also been largely discounted'.


Following half-year results that confirmed the company's inability to manage its hyper-growth, a new management team, led by P. Staïcos who has returned to Toosla, has been put in place to get the company back on track", the analyst points out.

The 2023-24 roadmap, based on fleet stabilization and new, low-capital-intensive initiatives (affiliation and MyToosla+), includes a moderation in growth and a rapid turnaround in profitability', he adds.

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