Martin Comtesse, an analyst from Jefferies, maintained the Hold rating on flatexDEGIRO AG. The associated price target was raised to €28.00.
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Martin Comtesse has given his Hold rating due to a combination of factors related to flatexDEGIRO AG’s recent performance and market valuation. The company reported strong second-quarter results and increased its full-year 2025 net profit guidance significantly. This positive outlook led to an upward revision of the earnings per share forecast by 15% for the same year.
Despite these encouraging developments, Comtesse notes that trading activity has normalized recently, with average trades per account slightly below the levels seen in June of the previous year. Additionally, the stock is currently trading at a price-to-earnings ratio of 21 times the estimated 2025 earnings, which is notably higher than its five-year average. These factors combined justify maintaining a Hold rating, as the stock’s current valuation may already reflect its growth prospects.
Comtesse covers the Industrials sector, focusing on stocks such as Bechtle Aktiengesellschaft, INFICON Holding AG, and Basler AG. According to TipRanks, Comtesse has an average return of -1.7% and a 42.08% success rate on recommended stocks.
In another report released on July 7, Citi also maintained a Hold rating on the stock with a €24.60 price target.