In a report released yesterday, Carlo Maritano from Intermonte upgraded Avio S.p.A. to a Buy, with a price target of €34.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Carlo Maritano has given his Buy rating due to a combination of factors that highlight Avio S.p.A.’s promising outlook. The recent ESA Ministerial Council resulted in a significant funding boost, with Italy increasing its contribution, which is expected to benefit Avio through various contracts. This funding, particularly for Space Transportation, positions Avio well for future growth opportunities.
Additionally, Avio’s successful completion of a capital raise demonstrates strong investor confidence, further supported by the company’s reliable performance in recent missions. The transition to Avio assuming full responsibility as Launch Service Operator for Vega C missions marks a strategic milestone. While the number of shares has increased, leading to a revised target price, the overall risk-reward profile remains attractive, especially with potential upside from new projects and expansions not yet factored into current estimates.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0R9S in relation to earlier this year.