Intred SpA (ITD – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Filippo Migliorisi from TP ICAP MIDCAP reiterated a Buy rating on the stock and has a €18.30 price target.
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Filippo Migliorisi has given his Buy rating due to a combination of factors, including the anticipated revenue growth and strategic expansion in key areas. Intred SpA is expected to achieve a revenue increase to €55.8 million, marking an 11% year-over-year growth, with the Ultrabroad Band segment showing significant progress.
The company’s strategic focus on Western Lombardy, a critical region for development, further supports this rating. Additionally, the completion of major tenders and the forecasted double-digit growth in the Data Center segment contribute positively to the long-term outlook. These factors, along with a stable churn rate and high recurring revenue, underscore the company’s potential for sustained growth, leading to the reaffirmation of the Buy recommendation.