With Phase 1 of Monitise Central Platform set to be launched on April 3, BTIG analysts believe the mobile payments provider is finally on the verge of re-acceleration in its business expansion.
In their March 11, 2015 research note, Mark Palmer and Giuliano Bologna of BTIG Research peg Monitise's 12-month price target at 52 pence from the current market price of 19.75 pence.
MCP due for launch in April
The BTIG analysts point out that a strategic review that Monitise initiated on January 22 enters its eighth week now, and the mobile payments provider is just over three weeks away from an important operational milestone viz.: the launch of the highly anticipated MCP. However, the launch of Phase 1 of MCP has been...
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