We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

In this section

Shares

RBC Capital starts coverage of Trustpilot at 'outperform'

Mon 27 October 2025 09:04 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - RBC Capital Markets initiated coverage of Trustpilot on Monday with an 'outperform' rating and 290p price target.

"Trustpilot has turned first-mover advantage into strong market positions in its key regions and is executing on its shift to higher value, stickier Enterprise customers," the bank said.

"This drives mid-teens top-line growth (circa 6% CAGR FY24-27e), underpinned by Net Dollar Retention of circa 100% post the package migration, whilst our proprietary analysis suggests a long runway of potential embedded growth in the platform."

RBC said Trustpilot will be a net beneficiary of the proliferation of AI, playing an important role in protecting consumer trust.

"We value TRST on 4.5x FY27e EV/Sales, driving a 290p price target, justifying an outperform recommendation," it said.

At 0900 GMT, the shares were up 3.1% at 220.40p.

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More press round ups from ShareCast

    Latest economy and stock market articles