Analyst Federico Pezzetti of Intermonte maintained a Buy rating on IGD SIIIQ S.p.A., with a price target of €4.10.
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Federico Pezzetti has given his Buy rating due to a combination of factors, primarily driven by IGD SIIIQ S.p.A.’s strong financial performance in the third quarter of 2025. The company reported results that exceeded expectations, with total revenues and EBITDA showing significant year-over-year growth. Additionally, the funds from operations (FFO) increased by 41% compared to the previous year, indicating robust cash flow generation.
Another factor contributing to the Buy rating is the solid operational performance, evidenced by high occupancy rates in their malls and hypermarkets. The management’s confirmation of the 2025 guidance, with potential upside risks, further supports the positive outlook. Moreover, the company’s strategic initiatives to manage debt and enhance dividend prospects, along with favorable real estate valuations, add to the attractiveness of the stock. These elements combined justify the increased target price and the Buy recommendation.

