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Spindox S.P.A ( (IT:SPN) ) has issued an update.
Spindox S.p.A, through its subsidiary Spindox Labs, is participating in the Shift2SDV project, a Horizon Europe initiative aimed at advancing the automotive sector with Software Defined Vehicles. The project, coordinated by Virtual Vehicle Research GmbH, involves 80 partners across 15 countries and has a total value of over €68 million. Spindox Labs will focus on developing AI-based microservices and APIs, contributing to a middleware framework for automotive applications. This involvement aligns with Spindox’s expertise in connected cars and real-time telemetry, further enhancing its position in the automotive software development field.
The most recent analyst rating on (IT:SPN) stock is a Buy with a EUR15.80 price target. To see the full list of analyst forecasts on Spindox S.P.A stock, see the IT:SPN Stock Forecast page.
More about Spindox S.P.A
Spindox S.p.A operates in the information technology market, focusing on frontier technology consulting, industrial research, and product offerings. The company specializes in IT Strategy and Governance, User Centric Experience, Products & Services, Quality Assurance, Data Intelligence, Operations & Maintenance, Vertical Solutions, Emerging Technologies, and R&D. Spindox is recognized as one of the fastest-growing companies in the sector, with a CAGR of 25.5% from 2021 to 2023, employing 1,300 people across Italy and international branches.
Average Trading Volume: 3,832
Technical Sentiment Signal: Buy
Current Market Cap: €64.34M
For a thorough assessment of SPN stock, go to TipRanks’ Stock Analysis page.