Morgan Stanley analyst Meta Marshall lowered the firm’s price target on Kore Group to $2 from $2.50 and keeps an Equal Weight rating on the shares. The company’s Q4 was largely as expected and Kore "needs a cleaner roadmap to predictable earnings to become more investible," the analyst tells investors.
Published first on TheFly
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Read More on KORE:
- Kore Group sees FY23 revenue $300M-$310M, consensus $280.68M
- Kore Group reports preliminary FY22 EPS ($1.39), consensus (59c)
- Kore Group reports preliminary Q4 EPS (90c), consensus (11c)
- KORE Reports Preliminary and Unaudited Fourth Quarter and Full-Year 2022 Results; Provides Full-Year 2023 Revenue Guidance of $300 to $310 Million, Representing Year-Over-Year Growth of 12% to 15%
- Kore Group to acquire Twilio’s IoT business unit
