In a report released on November 13, from TP ICAP MIDCAP maintained a Buy rating on Neodecortech SpA, with a price target of €4.80.
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TP ICAP (Europe) S.A. has given its Buy rating due to a combination of factors that highlight Neodecortech SpA’s strong financial performance and strategic initiatives. The company reported a significant increase in revenue for the first nine months of 2025, surpassing expectations with a 14% year-over-year growth. This growth was primarily driven by the energy segment, which saw a remarkable 53% increase, and the solid performance of decorative papers.
Additionally, Neodecortech’s EBITDA margin improved significantly, supported by the PMG system that optimizes operating costs, leading to a substantial rise in net income despite increased depreciation. The introduction of a new product line further diversifies the company’s offerings and opens up new growth opportunities. While the current high margins are largely due to the PMG system, the company is well-positioned to meet its full-year targets, justifying the Buy recommendation with a maintained target price of €4.8.
In another report released on October 31, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a €3.50 price target.
NDT’s price has also changed slightly for the past six months – from EUR3.040 to EUR3.120, which is a 2.63% increase.