Watchlist Update: Elliptic Labs (ELABS.OL)
Pareto Joins the Bull Camp – Initiates Coverage With Buy Rating and 18 NOK Target
Pareto Securities this morning initiated coverage on Elliptic Labs (ELABS.OL) with a Buy recommendation and a price target of NOK 18, calling the company “in the adoption phase with no real competitors” and highlighting ~40% CAGR potential through 2027.
They estimate that existing smartphone customers could drive strong growth and see new laptop customers adding more than 30 percentage points to EBITDA margin expansion – pointing to a ~60% EBITDA margin potential with minimal capex.
The stock has responded strongly to the coverage, trading up 9.80% this morning to NOK 12.10, its highest level in more than 6 months.
I’ve previously highlighted the company’s multi-year growth runway, growing customer footprint, and operating leverage potential. My takeaway was simple:
Elliptic Labs is already profitable, already scaling, and still flying under the radar – offering investors rare exposure to a pure software model in global consumer electronics.
👉 If you missed my earlier write-up on Elliptic Labs, you can check it out here.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Always conduct your own research or consult a financial advisor before making investment decisions. The author may hold positions in the mentioned securities.