Analyst Hugo Paternoster of Kepler Capital maintained a Buy rating on Lottomatica Group S.P.A. (LTMC – Research Report), retaining the price target of €22.00.
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Hugo Paternoster has given his Buy rating due to a combination of factors that highlight Lottomatica Group S.P.A.’s strong position in the Italian online gambling market. The company is benefiting from favorable market dynamics, with large omnichannel operators gaining market share and smaller local operators facing challenges. This market shift, along with Lottomatica’s strategic focus on both transformational and bolt-on acquisitions, positions the company for significant growth.
Lottomatica’s financial discipline and conservative guidance further support the Buy rating. The company has set ambitious targets for revenue growth and EBITDA margin improvement, driven by its online expansion and sport franchise initiatives. Additionally, the stock’s valuation is attractive, trading at a lower multiple compared to its peers, which presents a compelling investment opportunity. Overall, these factors contribute to a positive outlook for Lottomatica, justifying the Buy rating with a target price of EUR22.
According to TipRanks, Paternoster is ranked #3387 out of 9384 analysts.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a €23.00 price target.