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Research raises target for Dubb to 33 Riyals
Al-Jazira Capital mentioned that Deyab Car Rental Company continues to demonstrate its ability to overcome short-term operational challenges due to its structural growth and attractive valuation in the Saudi financial market. The recommendation for the stock has been raised to "Increase Positions" with a targeted price of 33 riyals, adding that the stock has the potential to rise by up to 38.9%. It was also forecasted that the company's profits would begin to recover starting in 2027, despite a 23% decline in profitability during the first quarter of 2026 to 35 million riyals, alongside a 22% increase in revenues to 410 million riyals.
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