In a report released today, Giorgio Tavolini from Intermonte maintained a Buy rating on Intred SpA, with a price target of €16.00.
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Giorgio Tavolini has given his Buy rating due to a combination of factors, primarily the confirmation of robust organic growth and an increasingly resilient business model. Intred is steadily shifting its revenue base toward recurring, higher-value connectivity services, broadening its customer mix across professional, private, wholesale and public segments, and successfully extending its presence beyond its core Brescia area into other Lombardy provinces.
Tavolini also highlights the continued rollout of Intred’s proprietary fibre network, the strong execution on school connectivity contracts, and the company’s low churn as evidence of solid operational fundamentals. In addition, the planned move to the Euronext Milan STAR segment, the new share buyback programme, unchanged earnings estimates, and the potential upside from data centre growth and M&A support his unchanged €16 price target and reinforce the positive risk‑reward profile at current valuation levels.
According to TipRanks, Tavolini is ranked #3233 out of 12173 analysts.