In a report released today, Henrik Paganetty from Jefferies maintained a Buy rating on Jenoptik (0ZPV – Research Report), with a price target of €29.00.
Henrik Paganetty has given his Buy rating due to a combination of factors that highlight Jenoptik’s strong financial position and future prospects. The company’s recent audited Q4 figures align with their robust preliminary results, and their guidance for 2025 suggests stable revenue projections despite macroeconomic uncertainties. Jenoptik expects its revenue to remain relatively consistent with a slight variation, and its EBITDA margin is projected to be within a healthy range.
Furthermore, the completion of the new fab in Dresden is expected to significantly reduce capital expenditures in 2025 compared to the previous year. Despite substantial capital investments in 2024, Jenoptik maintained a strong free cash flow, indicating efficient cash management. These factors, combined with a solid balance sheet, underpin Henrik Paganetty’s confidence in the company’s ability to deliver value to shareholders, justifying the Buy rating.
In another report released today, Warburg Research also maintained a Buy rating on the stock with a €37.00 price target.