Since Clarus Securities Technology Analyst Joseph MacKay called for a $1.10 target price on QYOU media in his September initiation coverage, QYOU Media has released news on three international deals, which expand its global reach for its unique programming.
In an updated report released earlier today (October 18), Mr. MacKay discusses QYOU’s extended international reach due to these new contracts and confirms his Target Price of $1.10. This would equate to a 189% potential return based on this morning’s $0.38 stock price.
First, there was news of a New focus in India on Sept 13th, then Further Expansion in Portugal with NOWO TV Service on October 10th, and on October 17th, news of Launching QYOU’s First Fully Localized Channel in Poland.
QYOU’s Best-of-the-Web” short form content for multi screens now reach more than 100 million consumers over six continents. The target audiences are millennials and Gen-Z.
Mr. MacKay has estimated 2017 revenue of $7.5 million followed by estimated 2018 revenue of $15.4 million and positive EBITDA of $4.9 million. Details on his first report can be seen here.