NWL has been an excellent performing fintech since COVID although its traded largely sideways for the last 12-months. The platform provider launched a takeover for Praemium Ltd (PPS) last month which we believe will offer solid synergy for NWL but there’s more water to go under the bridge here with the PPS board believing the bid undervalues PPS, we’ve heard that rhetoric before in 2021 – worth watching this scenario play out but either way we believe NWL looks well positioned to grow moving forward and initially we see 20% upside in the stock.
MM is bullish NWL targeting the $20 area
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