Digital Bros S.p.A., the Communication Services sector company, was revisited by a Wall Street analyst on November 13. Analyst Charles Louis Planade from TP ICAP MIDCAP maintained a Buy rating on the stock and has a €20.00 price target.
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Charles Louis Planade has given his Buy rating due to a combination of factors that highlight Digital Bros S.p.A.’s strong financial position and growth potential. The company has successfully exited Wuchang, which has left it debt-free and well-positioned for future growth. The recent restructuring efforts have set a solid foundation, and the company’s first-quarter performance was impressive, with revenues increasing by 112% to €45.5 million.
Moreover, the company’s valuation multiples are notably low, both in absolute terms and compared to industry peers, which makes it an attractive investment opportunity. The pipeline of upcoming projects is promising, particularly with the company’s entry into the rally game segment and the potential success of Nivalis, which has already garnered significant interest on platforms like Steam. These factors collectively support the Buy recommendation for Digital Bros S.p.A.
DB7’s price has also changed moderately for the past six months – from EUR12.780 to EUR11.180, which is a -12.52% drop .