Stifel Nicolaus analyst Juergen Wagner has reiterated their bullish stance on COTN stock, giving a Buy rating on March 10.
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Juergen Wagner’s rating is based on a combination of factors that suggest potential growth for COMET Holding AG. Despite a currently soft memory capex cycle, the market fundamentals are expected to improve by 2026, driven by rising DRAM and stabilizing NAND memory prices. This improvement is anticipated to limit the downside risk for the shares.
Moreover, COMET Holding AG’s valuation appears attractive, with its projected P/E ratio for 2026 being significantly below the historical average. The company’s short product lead times mean that it can quickly capitalize on any demand recovery, and upcoming projects like Synertia and CA 20 are expected to contribute positively in 2025. These elements, combined with a favorable market environment, underpin Wagner’s Buy rating.
According to TipRanks, Wagner is an analyst with an average return of -15.6% and a 26.32% success rate. Wagner covers the Technology sector, focusing on stocks such as ams-OSRAM, Infineon Technologies AG, and u-blox Holding AG.
In another report released on March 10, UBS also maintained a Buy rating on the stock with a CHF310.00 price target.