Redeye: Smart Eye - Expected but irrational drop

Report this content

Redeye lower near-term estimates for Smart Eye but leave the valuation unchanged. Moreover, the company’s strong business model and growing backlog of orders for new car OEMs make us convinced about the merits of the case, and we have actually raised our longer term estimates somewhat. It follows that we disagree with the market’s admittedly not unexpected knee-jerk reaction to the China situation.

Read more and download the research update: http://bit.ly/32zdk4j

Start following companies at Redeye to receive the latest equity research within Life Science and Technology.

This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se/about/