Intermonte SIM S.p.A. Reaffirms Buy Rating for Maps S.p.A. Amid Strategic Growth and Acquisitions

In a report released today, from Intermonte maintained a Buy rating on Maps S.p.A., with a price target of €5.30.

Intermonte SIM S.p.A. has given its Buy rating due to a combination of factors, primarily focusing on the structural trends and strategic acquisitions that are expected to drive future growth for Maps S.p.A. Despite a mixed performance in the first half of 2025, the company demonstrated solid growth in its Healthcare Business Unit, which saw a 14% year-over-year increase. This growth is further supported by the strategic acquisition of Ellysse, which is anticipated to enhance scalability and synergies, particularly in the Healthcare and Layers business units.
Moreover, the medium-term outlook for Maps S.p.A. remains positive, driven by increasing demand for digital solutions in the healthcare sector and the ongoing energy transition. Although there was a slight decline in the adjusted EBITDA margin, the company’s reorganization into a new business unit structure is expected to strengthen its market position. The confirmed target price of €5.30 reflects confidence in the company’s ability to capitalize on these growth opportunities, justifying the Buy rating.