BMO Capital lowered the firm's price target on NIQ Global to $11 from $16 and keeps an Outperform rating on the shares after its Q1 results. While there were some points to nitpick around decelerating organic growth, activations benefitting from backlog conversion, and light Q2 profitability guide, it hardly justified the volatile drop in shares, the analyst tells investors in a research note. There were also some positive attributes with AI-related demand driving higher usage and introduction of 30% long-term margin targets, BMO added.
