iCar Asia has withdrawn FY20 guidance, previously 50% revenue growth and breakeven earnings. The broker has lowered forecasts and its target to 45c from 52c.

Given the share price has fallen much further, the broker retains Add, with a caveat of High Risk.

Sector: Media.

Target price is $0.45.Current Price is $0.13. Difference: $0.32 - (brackets indicate current price is over target). If ICQ meets the Morgans target it will return approximately 71% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2020 Acquisdata Pty Ltd., source FN Arena