Intermonte analyst Andrea Randone maintained a Buy rating on Star7 S.p.A (STAR7 – Research Report) yesterday and set a price target of €10.50.
Andrea Randone has given his Buy rating due to a combination of factors influencing Star7 S.p.A’s performance. The company has demonstrated robust revenue growth, particularly in lucrative markets such as the US and Brazil, achieving a 30% year-over-year increase in these regions. This growth is attributed to effective cross-selling and upselling strategies, as well as a successful focus on high-margin business segments like Product Knowledge and Engineering.
Moreover, the completion of the CAAR acquisition without incurring further integration costs strengthens Star7’s market position in key sectors such as automotive and aerospace. This acquisition is expected to enhance growth opportunities, especially in strategic markets like Brazil. With a target price set at €10.5, which represents a significant upside potential from the current stock price, and anticipated improvements in profitability and cash generation, Randone confidently maintains a positive outlook on Star7’s stock.
In another report released on February 11, TP ICAP MIDCAP also maintained a Buy rating on the stock with a €12.40 price target.