MaireTecnimont SpA: Strong Growth Trajectory and Upside Potential Justify Buy Rating

Stifel Nicolaus analyst Roberto Ranieri maintained a Buy rating on MaireTecnimont SpA (0QEP – Research Report) today and set a price target of €12.80.

Roberto Ranieri has given his Buy rating due to a combination of factors that highlight MaireTecnimont SpA’s strong growth trajectory and potential for future expansion. The company’s recent financial results were in line with expectations, showcasing significant growth in key metrics such as EBITDA, which increased by over 40%, and an improved margin. This performance was bolstered by the success of NEXTCHEM and the progress of major projects like Hail and Ghasha.
Furthermore, the management’s outlook for 2025 suggests continued growth with anticipated revenue increases of up to 12% and EBITDA growth of up to 18%. The company’s long-term strategic plan also supports this positive outlook, with ambitious revenue targets for NEXTCHEM and a focus on diversifying energy sources. Despite a recent market overreaction to guidance adjustments, Ranieri maintains confidence in MaireTecnimont’s growth path, justifying the Buy rating with a significant upside potential to the revised price target.

In another report released on March 3, Kepler Capital also maintained a Buy rating on the stock with a €12.00 price target.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0QEP in relation to earlier this year.