Analyst Hugo Paternoster of Kepler Capital reiterated a Buy rating on Lottomatica Group S.P.A., boosting the price target to €28.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hugo Paternoster has given his Buy rating due to a combination of factors including Lottomatica Group S.P.A.’s strong financial performance and strategic progress. The company’s Q2 results showed a significant increase in revenue, up 10% year-over-year, driven by robust growth in the online segment and a stable performance in the retail sports sector. This growth was supported by a notable increase in market share across all product categories.
Additionally, the company’s profitability exceeded expectations, with adjusted EBITDA reaching EUR 202 million and margins expanding significantly. The successful integration of PWO and the realization of synergies have also contributed to this positive outlook. With the ongoing momentum and the company’s ability to maintain its guidance for 2025, Paternoster remains confident in the company’s future performance, justifying the Buy rating.
In another report released today, Jefferies also maintained a Buy rating on the stock with a €32.00 price target.