Nitro Software had pre-announced its 2022 result. 2023 guidance will be provided in April if the company is still around to provide it. Nitro is subject to a takeover offer from private equity.

On that basis Morgan Stanley suggests the stock will not trade on fundamentals unless the takeover fails.

Sector: Software & Services.

Target price is $2.00.Current Price is $2.18. Difference: ($0.18) - (brackets indicate current price is over target). If NTO meets the Morgan Stanley target it will return approximately -9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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