Trustpilot Group PLC (LSE:TRST) is becoming a 'fast-growing free cash flow generator', according to JP Morgan, which upgraded shares in the review site to 'overweight' (from neutral) with a 250p price target.
In a short note, the American investment bank also said the group has 'earnings momentum' which has precipitated a 125% jump in the stock's value in the past six months.
Highlighting the rationale behind its bullishness, JPM pointed to management's track record of exceeding guidance and also hailed its share buyback programme.
It has also revised its EBITDA estimates upwards by 13-16%, reinforcing Trustpilot's status as a unique asset poised for multi-year profitable expansion.
In afternoon trading, the stock was up 17.1p at 199.6p.