SiteMinder CEO's Incentives Indicate Confidence -- Market Talk

Dow Jones

2024-11-04

2243 GMT - The structure of SiteMinder CEO Sankar Narayan's long-term incentives indicates the accommodation-tech provider is confident of accelerating revenue growth, Wilsons analysts reckon. They point to the fact that Narayan's long-term incentives cover fiscal 2025 through fiscal 2027 as a sign that SiteMinder sees its medium-term transformation bearing fruit. The analysts tell clients in a note that SiteMinder's ramp-up of its new Dynamic Revenue Plus and Channels Plus products can power annual revenue growth of 30%. Wilsons lifts its target price 8.6% to A$7.60 and keeps an overweight rating on the stock. Shares are at A$6.57 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 03, 2024 17:43 ET (22:43 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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They point to the fact that Narayan's long-term incentives cover fiscal 2025 through fiscal 2027 as a sign that SiteMinder sees its medium-term transformation bearing fruit. The analysts tell clients in a note that SiteMinder's ramp-up of its new Dynamic Revenue Plus and Channels Plus products can power annual revenue growth of 30%. Wilsons lifts its target price 8.6% to A$7.60 and keeps an overweight rating on the stock. Shares are at A$6.57 ahead of the open. 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(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 03, 2024 17:43 ET (22:43 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480313874","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480313874","pubTimestamp":1730673780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2243 GMT - The structure of SiteMinder CEO Sankar Narayan's long-term incentives indicates the accommodation-tech provider is confident of accelerating revenue growth, Wilsons analysts reckon. 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