Founded in 1977 and listed on the ASX 20 years later, Data#3 (DTL) is a national information and communications technology [1] (ICT) company, with its head office based in Brisbane [2]. The company’s three lines of business include software, infrastructure and services.
“Data#3’s share price has fallen meaningfully over the last two months or so and now sits around 20% below our last published price target,” Raymond said.
“We make no changes to our forecasts of a $5.92 target price. Its current price is $4.95.
“However, we now upgrade our recommendation from Hold to Add,” Raymond concluded.
Data#3 Six Months
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