Analyst Giorgio Tavolini of Intermonte maintained a Buy rating on DHH S.p.A, retaining the price target of €32.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Giorgio Tavolini has given his Buy rating due to a combination of factors, primarily the company’s consistent double‑digit growth and highly recurring revenue base, which confirm the scalability and resilience of DHH’s business model. Profitability is improving, cash generation is strong, and the balance sheet is solid, supported by positive net cash and healthy post‑CapEx free cash flow.
He also sees attractive upside in the valuation, with the stock trading at a meaningful discount to both larger peers and recent sector transactions on an EV/EBITDA basis. In addition, DHH is benefiting from rising demand for AI‑driven cloud infrastructure, has a clear M&A pipeline focused on synergistic MSP acquisitions, and enjoys a diversified geographic footprint that reduces concentration and insolvency risks.
DHH’s price has also changed slightly for the past six months – from EUR23.900 to EUR21.600, which is a -9.62% drop .

