TNE rallied another +3.1% yesterday, the company delivered a strong 1st half result in May, the HR & asset management SaaS company saw annual recurring revenue (ARR) rise 44% on last year to $225m while its Profit Before Tax (PBT) was up 14% to $42.5m. We liked their report and especially strong guidance making the stock an ideal selection for MM when / if the Tech Sector commences a rally into, and beyond Christmas.
- We like TNE under $12 looking for ~20-30% upside.
MM likes TNE targeting new highs into 2023
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