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Betfair’s odds are looking good according to Numis analysts’ report ahead of interim results next week. The broker has a buy rating and 1,200p target price, and believes Betfair will give hints about where its strategy is heading, along with a four per cent drop in revenues.
Analysts at Barclays reckon the cash-and-carry business could be the next Amazon, with a marketplace-style business using its long list of suppliers and loyal customers. The broker has an overweight rating and has raised its target from 150p to 187p.
Analysts at Goldman Sachs, one of the banks that worked on Royal Mail’s recent float, have started covering the firm with a neutral rating and a 12-month target of 610p. The analysts think package volumes will continue to rise, while automation and other cost cuts will improve margins.