#SaxoStrats: High growth and strong 2016 awaits Wirecard
Wirecard is a leading specialist for payment processing and issuing across online, offline and mobile. It is growing at around 30% y/y (organic) with high growth projected over the coming years. The CEO has said that Wirecard is off to a strong start in 2016, which has still not been rewarded in the market.
Q1 earnings on May 19. Stronger EUR hurting 30% of revenue from outside Europe. Pricing pressure due to competition.
Buy Wirecard (WDI:xetr) at market with a trailing stop (stop price €28.70) moving in steps of €0.67. Our price target is €50 by year-end. The big distance to our initial stop is reflected by recent high volatility in the stock price.
Non-independent investment research disclaimer applies. Read more