Bango’s trading update highlighted that the trading momentum seen in the first half accelerated during the rest of the year, according to Liberum.
Revenue was ahead of the broker’s forecasts with the integration of DOCOMO Digital, in August, on track.
Management has already delivered US$11mln of the US$21mln annualised cost synergies identified at the time of the deal, with the remainder on track to come through in the current year.
Bango revenues climb after DOCOMO acquisition
House broker Liberum added the shares look attractive on current earnings ratios, with its target price unchanged at 345p and implying 65% upside.
Shares were up 4% at 216p today.