Equity Analysis /
Russia

Cian PLC: From an online classified to a PropTech player

  • We initiate coverage of Cian PLC with a 12M TP of USD17.2/share and an Overweight (O/W) rating

  • Advantageous business model forms a foundation for market leadership

  • Ongoing digitalization of RE customer acquisition tools offers strong upside to the online classified’s budgets

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

Alfa
23 December 2021
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