Analyst Richard Nguyen from Bernstein reiterated a Buy rating on Indra Sistemas (0HA9 – Research Report) and keeping the price target at €29.00.
Richard Nguyen has given his Buy rating due to a combination of factors that highlight Indra Sistemas’s strong financial performance and growth potential. The company has consistently surpassed revenue expectations since the first quarter of 2023, demonstrating its ability to outperform market predictions. For the fourth quarter of 2024, Indra is anticipated to achieve significant revenue and EBIT margin growth, driven primarily by its Defence segment, which is expected to lead with a notable increase in sales.
Furthermore, Indra’s strategic acquisition of Hispasat is projected to enhance its market position by the fourth quarter of 2025. The stock is currently trading at a discount compared to its European peers, which Nguyen believes is unjustified given the company’s robust revenue growth and improving EBIT margins. These factors collectively underpin Nguyen’s positive outlook and Buy rating for Indra Sistemas.
According to TipRanks, Nguyen is a 4-star analyst with an average return of 7.9% and a 62.24% success rate.