Buy Rating on Sanlorenzo S.p.A.: Strong Financials and Strategic Positioning Amid Temporary Challenges

Analyst Oriana Cardani of Intesa Sanpaolo maintained a Buy rating on Sanlorenzo S.p.A. (6SZA – Research Report), with a price target of €48.60.

Oriana Cardani’s rating is based on Sanlorenzo S.p.A.’s solid financial performance in FY24, where the company exceeded revenue forecasts and achieved significant profit growth. Despite a weaker order intake at the start of 2025 due to macroeconomic uncertainties, Cardani is optimistic about a recovery in the latter half of the year and into 2026, supported by Sanlorenzo’s strong brand reputation and loyal customer base.
Additionally, the stock is perceived as undervalued, trading at a low price-to-earnings ratio and EV/EBITDA multiple, which Cardani believes over-discounts the temporary dip in order intake. The company’s robust order backlog and strategic moves, such as direct distribution in key markets, further reinforce the Buy rating, as these factors are expected to drive future growth and profitability.

In another report released on March 11, Kepler Capital also maintained a Buy rating on the stock with a €51.00 price target.