Intesa Sanpaolo analyst Alberto Francese maintained a Buy rating on LU-VE SpA on November 27 and set a price target of €45.00.
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Alberto Francese has given his Buy rating due to a combination of factors including LU-VE SpA’s strong order intake and revenue growth. In the third quarter of 2025, the company saw a significant increase in order intake by 38.7% year-over-year, which is expected to drive revenue growth into the fourth quarter and throughout 2026. This growth is supported by a robust order backlog, particularly in the industrial cooling and data center sectors.
Furthermore, LU-VE SpA’s adjusted EBITDA margin improved by 60 basis points to 15.5% in the third quarter, aided by increased selling prices and volumes. The management’s strategic focus on high-demand sectors like commercial refrigeration and heat pumps, along with anticipated positive impacts from nuclear applications, are expected to bolster revenue growth. Consequently, Francese raised the target price to EUR 45, reflecting confidence in the company’s return to high single-digit growth and substantial free cash flow expansion in the coming years.
In another report released on November 18, Intermonte also maintained a Buy rating on the stock with a €42.50 price target.