12 Hrs
معلومات مباشر
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معلومات مباشر

2026-11-03T12:20:45.250Z

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Elm SAR 680 Target Held

Elm SAR 680 Target Held

Riyad Capital maintained its “Neutral” rating on Elm’s stock and set a 12-month price target of SAR 680, compared with a closing price of SAR 622. This implies an expected price return of 9.3% and a total return, including dividends, of 10.9%. In the third quarter of 2026, the company posted net profit of SAR 778 million, up 39% year on year and above Riyad Capital’s forecast of SAR 572 million. Revenue rose 10% to SAR 2.79 billion. The research firm attributed the performance to growth in the digital business, products and professional services segments, as well as improved profit margins.

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