In a report released today, Martin Comtesse from Jefferies maintained a Buy rating on Brockhaus Technologies AG (0AAW – Research Report), with a price target of €34.00.
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Martin Comtesse has given his Buy rating due to a combination of factors that suggest potential for future growth despite recent setbacks. The preliminary results for FY24 showed a 10% year-over-year increase in revenues, reaching €205 million, which indicates a positive growth trajectory even though it fell short of the consensus and guidance expectations.
Moreover, the challenges faced in the final quarter, such as the initial ramp-up difficulties with the Bike2Future platform and postponed orders from IHSE customers, have been addressed, suggesting that these issues are temporary. The company’s decision to revise its mid-term guidance for 2025 also reflects a proactive approach to adapting to changing market conditions, which could position Brockhaus Technologies AG for recovery and growth in the near future.
According to TipRanks, Comtesse is a 3-star analyst with an average return of 0.7% and a 47.01% success rate.