Intermonte analyst Giorgio Tavolini maintained a Buy rating on DHH S.p.A (DHH – Research Report) on March 25 and set a price target of €32.00.
Giorgio Tavolini has given his Buy rating due to a combination of factors that highlight DHH S.p.A’s strong financial performance and strategic initiatives. The company reported solid FY24 results, with revenues closely aligning with expectations and demonstrating growth across all core segments and regions. This robust performance is supported by a high percentage of recurring revenues, which provides stability and predictability in cash flow.
Additionally, the management’s confidence in the 2025 outlook, alongside strategic moves such as the issuance of warrants to incentivize shareholder involvement, further supports the Buy rating. The company’s focus on disciplined capital expenditure, the rollout of AI-related products, and active M&A activities, particularly in Eastern Europe, are seen as positive steps towards long-term growth. These factors, combined with the stock’s attractive valuation relative to peers, underpin Tavolini’s optimistic view on DHH’s potential for value creation.
In another report released on March 24, TP ICAP MIDCAP also maintained a Buy rating on the stock with a €30.20 price target.