BofA, UBS Turn Bullish On This Online Recruitment Platform

November 30, 2021 12:52 PM | 1 min read | Make a Comment

BofA analyst Evgeny Annenkov upgraded HeadHunter Group PLC HHR to Buy from Neutral and raised the price target to $85 (an upside of 55%), from $52.
Annenkov mentions that the Russian labor market is expected to remain tight in the next five years, which should accelerate monetization for the company.
The analyst further notes that he sees a $2B addressable market for HeadHunter expected by 2024 vs. $200M that the company is expected to generate in domestic revenue this year.
Yesterday, UBS upgraded HeadHunter to Buy and announced a price target of $66, implying an upside of 20%.
Price Action: HHR shares are trading higher by 1.97% at $54.82 on the last check Tuesday.