Analyst Henrik Paganetty of Jefferies maintained a Buy rating on CTS Eventim AG & Co. KGaA, retaining the price target of €115.00.
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Henrik Paganetty has given his Buy rating due to a combination of factors that, in his view, support a positive risk‑reward profile for CTS Eventim AG & Co. KGaA. He sees the company as structurally well positioned in the live entertainment and ticketing markets, with strong competitive advantages and attractive long‑term growth prospects. In addition, he expects CTS Eventim to benefit from continued robust demand for live events, solid operational execution, and disciplined cost control, which together underpin healthy earnings momentum.
Paganetty also points to the company’s strong balance sheet and cash generation, which provide financial flexibility for further organic investment and selective M&A, while supporting shareholder returns. He believes current valuation levels do not fully reflect CTS Eventim’s growth trajectory and profitability profile, leaving room for multiple expansion as the story continues to play out. Taken together, these elements lead him to view the shares as undervalued relative to their fundamentals, justifying his Buy recommendation.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a €116.00 price target.