Analyst Martin Comtesse from Jefferies maintained a Hold rating on Basler AG (0DUI – Research Report) and keeping the price target at €7.00.
Martin Comtesse has given his Hold rating due to a combination of factors related to Basler AG’s financial outlook and strategic measures. The company has confirmed its fiscal year 2024 preliminary results and provided guidance for fiscal year 2025 that exceeds the breakeven point, projecting sales between €186 million and €198 million, which is above the consensus expectations of a slight decline. This indicates a potential return to growth, albeit modest, with a year-over-year increase in sales expected.
Additionally, Basler AG has implemented cost-saving measures that have successfully lowered the break-even point, which could enhance financial stability. However, the decision to suspend dividends for fiscal year 2024 to conserve liquidity suggests a cautious approach to financial management. While the company aims for significant growth in the medium term, targeting sales of over €275 million by 2028, the current financial metrics and strategic decisions warrant a Hold rating as they reflect both potential and caution.
According to TipRanks, Comtesse is ranked #6083 out of 9406 analysts.