$TNIE // TONIE BOX Stock Bull SetupTonie BOX
What’s it all about?
tonies SE in November obtained a stock market listing via a SPAC transaction.
While still relatively unknown in capital markets, its products, the audio player Toniebox and the complementary Tonies figurines, are very well known among kids aged 3 to 8. The business model of tonies is characterized by a lock-in of customers and positive
network externalities: once the Toniebox has made its way into the children’s room, kids exert constant and irresistible pressure to acquire more content in the form of Tonies.
And the more friends own a toniebox, the higher the value of the own toniebox, because the tonies can be swapped, traded, carried along to a visit or sleepover etc. As a result, tonies competitive position is almost untouchable once the installed base has reached critical mass, as in the DACH region. The rollout into other geographies is under way,
and first results are very encouraging. Thus purely organic sales growth rates above 40% are highly plausible for the next years. We recommend to BUY with a price target of EUR 18.60, based on a DCF model.
See the chart for easy to understand Channel, Elliott Waves and pattern with traceable target
mentioned above
