Investment platform business NWL is one of the market’s best performers in 2024 and over the last year, with the stock making a fresh all-time high yesterday. The company’s investment platform is expected to deliver strong growth, with Funds Under administration (FUA) already at $78bn at the end of last year, up almost 25% year over year. Our only concern here is how much good news is built into the current share price.
- We like NWL, but after its 75% appreciation, the risk/reward is hard to quantify.
MM is bullish towards NWL
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