• (PLX AI) – Nordnet and Avanza rose again today after Danske Bank initiated coverage of both with a buy recommendation.
  • • Nordnet was up 2.9%
  • • Avanza was up 1.7%
  • • Both Nordnet and Avanza are true growth companies, and even though record-high trading related revenues are likely to come down, they have a capital-light business model that justifies high valuations, Danske said
  • • Revenue should recover to last year's level by 2023: Danske
  • • Danske prefers Nordnet for superior operating leverage and cheaper current valuation; price target SEK 232
  • • Avanza price target SEK 361

Quelle: PLX AI