Analyst Davide Longo from TP ICAP MIDCAP maintained a Buy rating on Maps S.p.A. (MAPS – Research Report) and increased the price target to €5.40 from €5.20.
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Davide Longo has given his Buy rating due to a combination of factors that indicate a promising future for Maps S.p.A. The company has demonstrated a clear improvement in its financial performance, with significant growth in revenue and EBITDA, as well as an impressive increase in net income. This positive trend is expected to continue, supported by the company’s strategic focus on enhancing business scalability and improving operating margins.
Another key factor in Longo’s rating is the strong momentum observed in the Energy segment, which has already shown positive EBITDA results. The Italian government’s incentive plan for Renewable Energy Communities is anticipated to further drive growth in this area. Additionally, effective management of net debt is expected to lead to positive cash flow by 2027, contributing to a more robust financial position. These elements collectively support the optimistic outlook and justify the Buy recommendation.
According to TipRanks, Longo is a 4-star analyst with an average return of 6.5% and a 51.72% success rate.