In a report released today, Henrik Paganetty from Jefferies maintained a Buy rating on CTS Eventim AG & Co. KGaA, with a price target of €127.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Henrik Paganetty has given his Buy rating due to a combination of factors despite CTS Eventim AG & Co. KGaA’s weaker-than-expected Q2 results. The company reported sales and adjusted EBITDA figures that fell short of market expectations, yet it maintained its guidance for 2025, demonstrating confidence in its future performance.
Despite the challenges in the live entertainment segment, the ticketing segment showed promising growth, with a significant increase in revenue and a solid adjusted EBITDA. This resilience in the ticketing business, coupled with the company’s ability to uphold its guidance amidst macroeconomic uncertainties, underpins Paganetty’s positive outlook on the stock.
In another report released on August 8, UBS also maintained a Buy rating on the stock with a €120.00 price target.