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Analyst Initiates Buy on Com.Tel After IPO-Fueled Expansion, Setting €2.80 Target Price with ~100% Upside

Analyst Initiates Buy on Com.Tel After IPO-Fueled Expansion, Setting €2.80 Target Price with ~100% Upside

COM.TEL SPA (CMTL) has received a new Buy rating, initiated by Intermonte analyst, Silvestro Bonora.

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Silvestro Bonora has given his Buy rating due to a combination of factors tied to Com.Tel’s new scale and growth profile. Following the IPO, the group executed strategic acquisitions in cybersecurity, cloud and ICT services, which broadened its offering, doubled revenues to around €80mn and positioned it across most key segments of Italy’s expanding digital market.

Silvestro Bonora’s rating is based on forecasts of revenue growth well above the sector, with double-digit top-line expansion and EBITDA expected to rise more than 30% annually through 2028, driving margin improvement and net cash generation. Using a blend of DCF and peer multiples, even after a conservative liquidity discount reflecting the small free float, his €2.80 target price implies roughly 100% upside from current levels, justifying the Buy recommendation.

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