Esprinet Spa (0NFS – Research Report), the Technology sector company, was revisited by a Wall Street analyst on March 13. Analyst Pietro Nargi from Intermonte maintained a Buy rating on the stock and has a €6.80 price target.
Pietro Nargi’s rating is based on Esprinet Spa’s strong financial performance and positive future outlook. The company’s fourth-quarter results showed significant margin improvements, reaching the upper end of its EBITDA guidance despite earlier challenges in the consumer sector. This was achieved through a strategic shift towards value-added services and a favorable market environment for energy-efficient infrastructure.
Additionally, Esprinet’s divisions, such as Zeliatech and V-Valley, are positioned for growth, supported by trends in renewable energy, AI innovation, and cybersecurity demand. The company’s effective working capital management and improved revenue mix further bolster its financial health. These factors, combined with a positive growth trajectory and strategic expansion plans, underpin Nargi’s Buy rating and the target price of €6.80 per share.
In another report released on March 13, Kepler Capital also maintained a Buy rating on the stock with a €7.00 price target.