Intermonte analyst Pietro Nargi has reiterated their bullish stance on 0NFS stock, giving a Buy rating on November 13.
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Pietro Nargi has given his Buy rating due to a combination of factors that highlight Esprinet Spa’s strong financial performance and strategic positioning. The company’s third-quarter results were largely in line with expectations, and its guidance for the full year EBITDA remains at the high end of the projected range. This is supported by solid execution in cash generation and operational expense control, alongside a positive outlook driven by sustained demand in Spain and a gradual recovery in Italy.
Additionally, Esprinet’s recent acquisition of Vamat is expected to open new opportunities in the Green Tech division, particularly in the Benelux and Irish markets. The company’s sales have shown a robust performance, particularly in the PC and Screens segments, which have benefited from a recovery in demand. The positive market outlook in Spain and the strategic expansion into new markets further bolster the company’s growth prospects, justifying the raised target price and the Buy recommendation.
In another report released on November 13, Kepler Capital also maintained a Buy rating on the stock with a €6.30 price target.