Andrea Zampaloni, an analyst from Alantra Equities, maintained the Buy rating on Almawave S.p.A.. The associated price target is €5.00.
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Andrea Zampaloni has given his Buy rating due to a combination of factors that highlight Almawave S.p.A.’s strong potential for growth and innovation. The company has demonstrated a significant turnaround in the second quarter, with a notable increase in revenues driven by a strategic shift towards proprietary technology and international market expansion. This shift has resulted in proprietary solutions accounting for a substantial portion of total revenue, while international sales have also seen a marked increase.
Moreover, Almawave’s investment in AI infrastructure, particularly through the launch of Velvet, a multilingual and regulation-ready language model, has reinforced its position as a leader in the European AI market. The integration of Velvet into major ecosystems like Oracle, IBM, and AWS further solidifies its competitive edge. Despite some adjustments to future earnings estimates, the long-term growth prospects remain robust, with the company’s valuation offering a compelling opportunity compared to its peers. The strategic execution and increased visibility through partnerships and media engagements bolster the confidence in Almawave’s continued success.