Filippo Migliorisi, an analyst from TP ICAP MIDCAP, maintained the Buy rating on Intred SpA (ITD – Research Report). The associated price target remains the same with €18.30.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Filippo Migliorisi has given his Buy rating due to a combination of factors including Intred SpA’s strong financial performance and strategic growth initiatives. The company reported a significant increase in total revenues by 10.7% year-over-year, reaching €55.9 million, which was aligned with expectations. This growth was driven by both organic expansion and the acquisition of Connecting Italia.
Additionally, the company has successfully expanded its business customer segment, which now comprises a larger portion of their revenue mix, enhancing profitability given the higher margins and longer contracts associated with these customers. Intred’s strategic expansion into Western Lombardy, particularly in the province of Milan, further positions the firm for growth in a high-value market. Despite the stock remaining flat post-publication of these results, the positive performance metrics and strategic positioning underscore the Buy recommendation.