Research Report: RS2 Software

We are initiating our coverage on RS2’s new preference shares class with a Buy recommendation and a 12-month price target of €2.12. Additionally, in view of the Group’s updated projections, we are also updating our price target for the ordinary share class to €2.12.

Realistically speaking, the coronavirus pandemic has caused a surge in demand for contactless payments, and has undoubtedly accelerated the shift from the traditional cash transactions to digital and electronic methods. Inevitably, these fast-emerging digital payment methods, together with the companies providing such service, have become the main intermediaries between consumers and retailers of all sorts. Click here to access the report.