Jumbo Interactive's first half result was in-line with Morgans expectations with a 25.6% jump in total transaction volume (TTV), driven by the SaaS business accelerating. 

The broker believes the company is well positioned to grow this SaaS TTV over the year ahead and also benefit from a normalisation in jackpot activity.

Lottery retailing TTV growth was flat and inferior to Tabcorp Holdings' ((TAH)) growth. The analyst suspects, however, that a reasonable percentage of growth from the latter came from its existing retail channel as it incentivised newsagents to move clients online.

Add retained. Target is increased to $14.78 from $13.89.

Sector: Consumer Services.

Target price is $14.78.Current Price is $13.48. Difference: $1.30 - (brackets indicate current price is over target). If JIN meets the Morgans target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena