Perfect Corp. initiated with an Outperform at Oppenheimer

Oppenheimer analyst Brian Schwartz initiated coverage of Perfect Corp. with an Outperform rating and $10 price target. The analyst expects Perfect Corp.’s growth opportunity to demonstrate sustainability over the medium term because of the underlying value proposition of its SaaS offerings, strong brand recognition and "referenceability," technology leadership, entrenchment with the industries’ leading brands, and proven management team.