Jefferies analyst Hannes Leitner maintained a Hold rating on Nexi S.p.A. today and set a price target of €3.40.
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Hannes Leitner has given his Hold rating due to a combination of factors, including expectations for essentially unchanged first‑quarter revenue that only matches the market’s view, signaling limited near‑term growth momentum. While he models a slightly stronger EBITDA outcome on temporarily lower operating expenses, this benefit reflects delayed investment rather than a structural improvement in earnings power.
At the same time, he sees ongoing pressure from the gradual expiration of legacy bank contracts, which is already weighing on the Italian merchant services business and is set to intensify as additional agreements roll off from the second quarter. Against this backdrop of modest upside to profitability but persistent top‑line and contract headwinds, the shares appear fairly valued even after he raises his price target to $3.4, supporting a neutral stance rather than a more constructive recommendation.
In another report released on April 17, J.P. Morgan also maintained a Hold rating on the stock with a €3.85 price target.