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Finance

What’s Sunlight Financial’s (SUNL) Stock Forecast After the SPRQ Merger?

The one analyst covering SPRQ stock has given it a “buy” rating and target price of $15. The target implies an upside of 51 percent over the next 12 months.

Based on SPRQ’s current price, Sunlight has an EV (enterprise value) of $1.3 billion. According to the company’s own projections, its revenue should be $157 million and $198.9 million by 2022 and 2023, respectively. This gives it an EV-to-revenue multiple of 8.3x and 6.5x for 2022 and 2023, respectively. In comparison, Open Lending and Affirm Holdings have next-12-month EV-to-sales multiples of 22x and 16.4x, respectively.

View more information: https://marketrealist.com/p/sunlight-financial-sunl-stock-forecast-after-sprq-merger/

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