TP ICAP MIDCAP analyst Davide Longo has maintained their bullish stance on GPI stock, giving a Buy rating on April 15.
Davide Longo has given his Buy rating due to a combination of factors, primarily driven by GPI SpA’s impressive growth in international contracts and their strategic focus on expanding the software segment. The company reported a significant increase in new contracts in the first quarter of 2025, totaling approximately €15 million, which represents a 67% year-over-year growth. This growth is largely attributed to the software segment, which alone accounted for €14 million of the new contracts, marking a 75% increase year-over-year.
Moreover, the ‘BLOOD’ suite, a key component of their software offerings, has shown strong performance, particularly in the UK market, contributing significantly to the new orders. This expansion aligns with GPI’s strategic focus on international growth and diversification, reducing their reliance on seasonal trends. The company’s robust retention rate in the software segment and the anticipated increase in international revenue share further bolster the positive outlook. These factors, combined with a stable EBITDA margin and strategic alignment with their industrial plan, underpin Longo’s confidence in maintaining a Buy rating with a target price of €20.0.
According to TipRanks, Longo is ranked #2482 out of 9371 analysts.
In another report released on April 15, Intermonte also maintained a Buy rating on the stock with a €14.00 price target.