In a report released today, from Intermonte maintained a Buy rating on LVenture Group S.p.A., with a price target of €0.24.
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Intermonte SIM S.p.A. has given its Buy rating due to a combination of factors, primarily focusing on the potential growth and strategic positioning of LVenture Group S.p.A. Despite a decrease in the fair value of the portfolio due to an impairment in one of its investees, the company maintains a strong position within the Italian innovation ecosystem, providing exposure to numerous digital startups with high growth potential.
Furthermore, the company’s operational efficiency has significantly improved, with a notable reduction in operating costs. This, combined with a proposed capital increase aimed at supporting future growth plans and expanding investment capacity in key sectors like AI and cleantech, enhances the company’s financial structure and flexibility. The revised target price still suggests a substantial upside potential, reinforcing the Buy recommendation.