Trustpilot Achieves Record Growth and Profitability in 2024

Trustpilot Group Plc ( (GB:TRST) ) has provided an update.

Trustpilot Group Plc reported a successful 2024, with significant growth driven by product innovation and increased consumer adoption. The company achieved a record net dollar retention rate and a 21% increase in bookings, particularly in the UK, US, Germany, and Italy. The company’s profitability improved, with a 55% increase in adjusted EBITDA, reaching $24.1 million. Trustpilot also celebrated reaching $250 million in annual recurring revenue, marking a significant milestone in its growth trajectory.

The most recent analyst rating on (GB:TRST) stock is a Buy with a £215.00 price target. To see the full list of analyst forecasts on Trustpilot Group Plc stock, see the GB:TRST Stock Forecast page.

Spark’s Take on GB:TRST Stock

According to Spark, TipRanks’ AI Analyst, GB:TRST is a Neutral.

Trustpilot Group Plc’s overall stock score reflects strong financial performance and positive market momentum, though the high valuation poses a risk. The company’s robust revenue growth and improving profitability metrics are key strengths. However, the high P/E ratio suggests overvaluation, and technical indicators point to potential short-term overbought conditions, which investors should monitor closely.

To see Spark’s full report on GB:TRST stock, click here.

More about Trustpilot Group Plc

Trustpilot Group Plc, founded in 2007, is the world’s largest independent customer feedback platform. It operates on a SaaS business model and is known for its role in helping consumers make informed choices and businesses build trust through authentic feedback. With over 300 million reviews and 64 million monthly active users, Trustpilot is headquartered in Copenhagen and has operations in major cities worldwide.

Average Trading Volume: 2,071,733

Technical Sentiment Signal: Sell

Current Market Cap: £1.03B

Find detailed analytics on TRST stock on TipRanks’ Stock Analysis page.