Shore Capital Backs Accesso as Strategic Revamp Shows Early Signs of Success
Accesso Technology Group PLC (LSE:ACSO) has seen early success from its strategic revamp under new leadership, according to Shore Capital. The broker highlighted a nearly 50% increase in first-half cash profits and growing momentum across the company's payments, AI, and platform tools offerings. Shore Capital specifically noted accessoPay, developed with Adyen (AMS:ADYEN.AS), as an underappreciated earnings driver leveraging existing transaction flows. The firm also observed strong demand for Accesso Intelligence, its AI analytics platform, exceeding expectations in cross-selling opportunities. Analyst Katie Cousins maintained full-year revenue and cash earning forecasts but adjusted margin assumptions to align with the broader market due to increased near-term investment. Despite this, Shore Capital views shares as undervalued based on forecasted earnings multiples.
Topics: AI platform earnings growth stock analysis strategic revamp