Jefferies analyst David Kerstens has reiterated their bullish stance on INPST stock, giving a Buy rating on April 22.
David Kerstens has given his Buy rating due to a combination of factors that highlight InPost S.A.’s strong growth potential and strategic positioning in the market. The company is experiencing robust growth in Europe, particularly driven by its partnership with Vinted, a significant customer that is fueling expansion in the UK and French markets. The recent acquisition of Yodel is a strategic move that accelerates InPost’s expansion in the UK by five years, positioning it as a major player with an 8% market share and the largest out-of-home network, which supports further market share gains.
Moreover, InPost’s valuation is attractive, with the stock trading at only 8x EV/EBITDA, offering a compelling growth opportunity not driven by traditional tech or military sectors. The international business is currently undervalued, providing additional upside potential. The company’s logistics and infrastructure assets are considered superior to competitors, and its high EBITDA growth rate of over 20% per annum for the next five years further supports the Buy rating. Overall, these factors contribute to a positive outlook for InPost, with a price target of €22.0, indicating a 54% potential upside.
In another report released on April 22, Barclays also maintained a Buy rating on the stock with a €21.00 price target.