In a report released yesterday, Henrik Paganetty from Jefferies maintained a Buy rating on CTS Eventim AG & Co. KGaA, with a price target of €115.00.
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Henrik Paganetty has given his Buy rating due to a combination of factors, including CTS Eventim AG & Co. KGaA’s solid positioning in the European live events and ticketing market and its attractive long‑term growth profile supported by structural demand for concerts and live entertainment. He likely views the company’s scalable digital ticketing platform and data capabilities as key competitive advantages that can drive operating leverage and margin expansion over time.
In addition, Paganetty appears to see upside from the firm’s strong cash generation and disciplined capital allocation, which together provide room for continued investment, selective acquisitions, and shareholder returns. The upcoming fireside chat with management, including the Head of Strategy/IR, also suggests good transparency and engagement with investors, reinforcing confidence in the company’s strategy and execution outlook.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a €110.00 price target.