Davide Longo, an analyst from TP ICAP MIDCAP, maintained the Buy rating on WIIT SpA (9PC – Research Report). The associated price target is €24.10.
Davide Longo’s rating is based on WIIT SpA’s strong financial performance and strategic acquisitions. The company is expected to report a 25% year-over-year increase in revenue and a 12% rise in EBITDA for FY24, indicating robust growth. Additionally, WIIT’s EBIT and net income are projected to surpass consensus estimates, demonstrating operational efficiency and profitability.
Moreover, WIIT’s strategic acquisitions in Germany and Switzerland have enhanced its international diversification and growth potential. These acquisitions are expected to generate significant synergies, contributing to improved efficiency and cost savings. The combination of these factors, alongside the company’s expansion into attractive markets, supports the Buy rating with a target price of €24.1.
According to TipRanks, Longo is a 3-star analyst with an average return of 5.8% and a 47.56% success rate.
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