TP ICAP MIDCAP analyst Davide Longo has maintained their bullish stance on STAR7 stock, giving a Buy rating yesterday.
Davide Longo has given his Buy rating due to a combination of factors that highlight STAR7 S.p.A’s robust financial performance and strategic growth initiatives. The company reported a notable 15% increase in revenue for 2024, reaching approximately €120 million, which signifies strong year-on-year growth. This growth was further supported by effective cash generation, underpinned by careful management of working capital.
Additionally, the acquisition of CAAR SpA enhances STAR7’s market presence, particularly in high-margin foreign markets like the United States and Brazil, while also solidifying its role in the Defense, Automotive, and Commercial Vehicles sectors. The strategic international expansion and integration of new businesses are expected to bolster margins and cash flows. Longo’s confidence is reflected in maintaining the price target at €12.4, supported by STAR7’s demonstrated organic growth and successful internationalization efforts.
In another report released yesterday, Intermonte also maintained a Buy rating on the stock with a €10.50 price target.