EMAK SPA’s Strong Q1 2025 Performance and Growth Prospects Justify Buy Rating

EMAK SPA (0N9O – Research Report), the Industrials sector company, was revisited by a Wall Street analyst on May 26. Analyst Carlo Maritano from Intermonte maintained a Buy rating on the stock and has a €1.45 price target.

Carlo Maritano has given his Buy rating due to a combination of factors, primarily driven by EMAK SPA’s strong performance in the first quarter of 2025. The company reported revenues of €192.3 million, which exceeded expectations and marked a 13.1% year-over-year increase. This was largely attributed to the robust growth in the Outdoor Power Equipment segment, which outperformed projections with a 22% increase.
Furthermore, the company’s adjusted EBITDA surpassed forecasts, indicating improved profitability and operational efficiency. Despite a seasonal increase in net debt, the company’s financial outlook remains positive, supported by a healthy order backlog and strategic initiatives aimed at market expansion. Maritano’s confidence in EMAK SPA’s continued growth trajectory and potential for stock re-rating underpins his Buy recommendation, with a target price set at €1.45.

According to TipRanks, Maritano is a 3-star analyst with an average return of 10.7% and an 83.33% success rate. Maritano covers the Industrials sector, focusing on stocks such as Avio S.p.A., Elica S.p.A., and EMAK SPA.