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Buy Affle India; target of Rs 1140: ICICI Direct

ICICI Direct is bullish on Affle India has recommended buy rating on the stock with a target price of Rs 1140 in its research report dated May 17, 2022.

May 17, 2022 / 04:44 PM IST
 
 
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ICICI Direct's research report on Affle India


Affle India (Affle) is a technology platform that enables advertisers to do targeted advertising. It helps advertisers to measure the effectiveness of advertisement as it charges only when a user downloads an app or completes a transaction • As on FY22, 99.1% business comes from consumer platforms while the rest comes from enterprise platforms.


Outlook


We maintain BUY rating on the stock. We value Affle at Rs 1,140 i.e. 43x P/E on FY24E EPS.


For all recommendations report, click here

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first published: May 17, 2022 04:44 pm
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