Analyst Martin Comtesse of Jefferies maintained a Hold rating on Wacker Neuson, retaining the price target of €25.50.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Martin Comtesse has given his Hold rating due to a combination of factors related to Wacker Neuson’s recent performance and future outlook. The company experienced a seasonal improvement in the second quarter, with a notable increase in group sales compared to the previous quarter, particularly in Europe. This growth was accompanied by an enhancement in profitability, which slightly surpassed the company’s full-year targets, indicating the positive impact of their efficiency programs.
Despite these improvements, the decision to maintain a Hold rating reflects a cautious stance. The confirmed guidance for fiscal year 2025 suggests a return to sales growth in the second half of the year, with an anticipated increase in profitability. However, the current market conditions and the company’s performance relative to prior year comparisons suggest that while there is potential for growth, it may not be significant enough to warrant a more aggressive rating at this time.
According to TipRanks, Comtesse is an analyst with an average return of -1.3% and a 41.51% success rate. Comtesse covers the Technology sector, focusing on stocks such as Bechtle Aktiengesellschaft, INFICON Holding AG, and CANCOM SE.
In another report released on August 8, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a €25.00 price target.