Pietro Nargi, an analyst from Intermonte, reiterated the Buy rating on CY4Gate SpA. The associated price target was raised to €7.40.
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Pietro Nargi has given his Buy rating due to a combination of factors that highlight CY4Gate SpA’s strong financial performance and promising future outlook. The company’s recent quarterly results have shown robust revenue growth and significant margin expansion, surpassing expectations. This performance is attributed to the successful internal restructuring efforts that have enhanced operational efficiency and streamlined investments, leading to an upgraded revenue guidance.
Pietro Nargi also notes the impressive cash generation and improvement in the net debt position, which further supports the positive outlook. The company’s Forensic Intelligence segment, in particular, has contributed to higher profitability, and the strong order intake momentum, especially from foreign markets, suggests continued growth. With an increased target price and a constructive tone from management regarding future prospects, the Buy rating reflects confidence in CY4Gate SpA’s ability to deliver sustained financial improvements.