James Wheatcroft, an analyst from Jefferies, maintained the Buy rating on Lottomatica Group S.P.A. (LTMC – Research Report). The associated price target is €23.00.
James Wheatcroft has given his Buy rating due to a combination of factors, including Lottomatica Group S.P.A.’s strong market performance and increased EBITDA estimates. The company is expected to continue gaining market share in Italy, supported by a robust fourth quarter forecast for 2024 and sustained momentum into the fiscal year 2025.
Wheatcroft has also upgraded his EBITDA estimates for the fiscal years 2024 through 2026, indicating a positive outlook on the company’s financial growth, with estimates now about 1% ahead of consensus. Lottomatica is considered the top small to mid-cap pick for 2025, with expectations of both numerical growth and valuation multiple expansion, leading to a new DCF-based price target of €23.
In another report released on February 3, J.P. Morgan also maintained a Buy rating on the stock with a €20.00 price target.