Analyst Martin Comtesse of Jefferies maintained a Hold rating on Basler AG (0DUI – Research Report), retaining the price target of €7.00.
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Martin Comtesse has given his Hold rating due to a combination of factors affecting Basler AG’s current and future performance. The company has shown a return to profitability with significant revenue growth and improved margins, particularly due to major projects in China and the USA. However, despite these positive developments, there are concerns about the sustainability of this growth given the geopolitical uncertainties and the impact of US tariffs.
Management has confirmed their targets for 2025, but the outlook remains clouded by external factors, which could affect future performance. The recent increase in incoming orders, although positive, has not been sufficient to maintain a strong book-to-bill ratio, indicating potential challenges in sustaining growth momentum. These mixed signals have led to a cautious approach, resulting in the Hold rating as the company navigates these uncertainties.