Toosla: Invest Securities reiterates its opinion on the stock

(CercleFinance.com) - Invest Securities reiterates its buy recommendation on Toosla shares, leaving its target price unchanged at 2.
6 euros.

'On the back of first-half 2024 results confirming the business' return to growth, management unveiled its 2024-27 roadmap, focusing on monetizing its platform via the affiliation business model, which began to be deployed in spring 2024', the analyst underlines.

The analyst believes that this model, which requires very little capital, should enable the Group to ensure its financial sustainability by 2027.

By this date, management is targeting sales >E17m and a company-standard adjusted EBITA margin >25%. If management succeeds in achieving its ambitions, the Group will be seen not as a digital short-term rental company, but as a platform for the mobility industry. We're not there yet, but visibility is gradually improving," adds Invest Securities.

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