March 10 nalysts at Goldman Sachs have retained their buy rating and 59 cents price target on this investment platform provider’s shares. Although OneVue’s half year result fell short of the broker’s expectations, it believes the issues that led to the earnings miss are one-offs and feels the company continues to head in the right direction. Goldman likes OneVue as it believes the company is exposed to structural tailwinds including ongoing growth in the superannuation industry, regulatory complexity supporting outsourcing to specialist third party providers, and structural shifts in the wealth management industry towards independent advisors. I agree with Goldman and feel OneVue could be worth a closer look.
Thats a 50% rise from here. I'm in. RSI is ridiculously low 16. buyers are stacking and sellers appear to be somewhat exhausted back to 50c
OVH Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
