Casta Diva Group S.p.A.: Strong Performance and Strategic Positioning Justify Buy Rating

TP ICAP MIDCAP analyst Filippo Migliorisi reiterated a Buy rating on Casta Diva Group S.p.A. (99C – Research Report) yesterday and set a price target of €2.50.

Filippo Migliorisi has given his Buy rating due to a combination of factors that highlight Casta Diva Group S.p.A.’s strong performance and strategic positioning. The company reported a notable increase in its Q1 2025 revenue and order backlog, aligning with the expectations set in their 2023–2026 Business Plan. This growth trajectory is supported by both organic expansion and strategic acquisitions, which have bolstered the company’s production value and backlog, providing a solid foundation for future performance.
Furthermore, the management’s focus on selective external growth and the development of specialized brands in promising sectors like tech and fashion underscores the company’s ability to adapt and thrive in a competitive market. The group’s global presence and innovative communication strategies, particularly in the Middle Eastern market, enhance its market positioning. The stock is considered undervalued, trading at a significant discount compared to peers, which, combined with the company’s execution capabilities and potential for positive surprises from M&A activities, supports the Buy recommendation with a target price of €2.5.