CY4Gate SpA, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Pietro Nargi from Intermonte maintained a Buy rating on the stock and has a €9.70 price target.
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Pietro Nargi has given his Buy rating due to a combination of factors linked to CY4Gate’s strong operating performance and solid growth visibility. The company has just closed a transformational year, with revenues, margins and cash generation surpassing both his forecasts and market expectations, while a richer mix in higher-value segments has driven profitability above 30% in the latest quarter.
Pietro Nargi’s rating is based on the view that management’s guidance remains deliberately conservative against a rapidly expanding backlog and robust early‑year order intake, leaving room for estimate upgrades. With more than 80% of the revenue target already covered by existing orders, additional pipeline conversion, ongoing deleveraging, and optionality from bolt‑on acquisitions, he lifts his target price to €9.70 and reiterates a Buy recommendation.
Nargi covers the Technology sector, focusing on stocks such as CY4Gate SpA, Esprinet Spa, and Sys-dat S.P.A.. According to TipRanks, Nargi has an average return of 5.6% and a 55.10% success rate on recommended stocks.