Serko stock overpriced due to customer concentration – ForBarr
Travel software provider given 'underperform' rating as analyst initiates full coverage of stock.
Serko provides travel management software as a service to other businesses, including via Booking.com for Business.
Forsyth Barr has allocated an “underperform” rating to NZX-listed travel software-as-a-service business Serko, after initiating full coverage of the stock under analyst James Lindsay.
Lindsay said in his note he believed the market was “inappropriately pricing a high degree of certainty
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