CY4Gate SpA, the Technology sector company, was revisited by a Wall Street analyst on September 15. Analyst from Equita Sim maintained a Buy rating on the stock and has a €5.80 price target.
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Equita Sim has given his Buy rating due to a combination of factors including CY4Gate SpA’s strategic initiatives and financial performance. The company has demonstrated significant revenue growth, particularly in its Forensic and Decision Intelligence segments, which have both shown over 50% year-over-year increases. Despite higher operating costs, these are seen as strategic investments aimed at qualifying for future commercial agreements and expanding the company’s market presence.
Furthermore, CY4Gate SpA is actively pursuing new partnerships and projects, which are expected to enhance its product and technology portfolio and open up new market opportunities. The management’s commitment to securing these partnerships, along with a confirmed FY25 guidance and improved cash flow generation, supports the positive outlook. Equita Sim also notes the potential for CY4Gate to finalize at least one significant partnership by year-end, which could further bolster its growth trajectory.
In another report released on September 15, Intermonte also maintained a Buy rating on the stock with a €6.30 price target.