David Vignon, an analyst from Stifel Nicolaus, maintained the Hold rating on Worldline (0QVI – Research Report). The associated price target is €6.00.
David Vignon’s rating is based on Worldline’s recent financial performance and strategic developments. The company experienced a notable slowdown in its Merchant Services and a significant decline in its Financial Services segment during the fourth quarter of 2024. This resulted in weaker-than-expected revenue and a decline in EBITDA margins, which were below consensus expectations.
Despite these challenges, the appointment of a new CEO, Pierre-Antoine Vacheron, brings potential for strategic restructuring. The new leadership is expected to present a revised strategy in the autumn, which could provide a path for improvement. However, the conservative growth targets for 2025, coupled with ongoing operational challenges, justify the Hold rating as the company navigates through its transition period.
In another report released today, Jefferies also maintained a Hold rating on the stock with a €7.40 price target.