QNST - QuinStreet, Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$22.00
DETAILS
HIGH:
$23.00
LOW:
$21.00
MEDIAN:
$22.00
CONSENSUS:
$22.00
UPSIDE:
39.86%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
85% confidence
Primary model: Two-stage FCF DCF
Adjust Assumptions
11.1%
11.0%
3.0%
Key Value Driver
FCF growth rate (11% base case)
Terminal Value % of EV
40%
Implied Market Multiple
7.7x
Market is pricing in (growth)
-4.4%
vs our 11.1% base
Plain-Language Summary
Using a two-stage FCF DCF with 11% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $46.27 per share.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (13 analysts)
$22.00
Analyst Range
$21.00 – $23.00
Divergence from AlphaVal
110%
Warnings
Stock-based employee pay equals 46% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $22.00 (from 13 analysts). Our estimate is 110% above the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions