Allegro.EU SA Ordinary Shares

ALE: XWAR (POL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	PLN 23.00	Slynp	Nghgzwcd

Allegro Earnings: International Losses Weigh on Stock but Prospects Remain Alluring; Shares Cheap

Sean Dunlop

Nov 16, 2023

We're lowering our fair value estimate for wide-moat Allegro to PLN 34 from PLN 37 after digesting third-quarter results, with solid figures in Poland outweighed by sluggish progress in the firm's international markets. Our revision is consistent with the market's reaction, which sent shares spiraling 7%-8% intraday.

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