Moonpig were a strong performer after 2.5% to 167.3p after positive comments from Jefferies.
The bank reiterated a buy rating after the online greeting card retailer’s recent solid AGM statement and after it hosted an upbeat ‘fireside chat.”
“Our confidence in the investment story is undimmed,” the broker said.
“Innovation is extending the group's product advantage, market share continues to grow, and we see clear underpins to support an acceleration in top-line trajectory into double-digits from H2'24,” it said.
“The shares have had a good recent run, but we see more to go for given the proven resilience and medium-term growth potential,” Jefferies added.
It has a 240p price target.