Intesa Sanpaolo analyst Arianna Terazzi has maintained their bullish stance on PTR stock, giving a Buy rating on March 25.
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Arianna Terazzi has given his Buy rating due to a combination of factors, starting with Pattern’s resilient positioning in a difficult luxury environment and its continued investment, such as the new Turin headquarters, which strengthen long‑term industrial capabilities. Despite an 8.6% revenue decline in FY25, pressure on leather goods, and a temporary EBITDA margin squeeze, the company still proposed a dividend, signalling management’s confidence in a gradual recovery supported by improving orders in the second half.
Terazzi also highlights that guidance for 2026 assumes stable volumes in a structurally smaller market, while management reiterates 2028 targets and a progressive margin rebuild, which Intesa’s new estimates broadly endorse. The focus on top‑tier luxury clients, strong product‑development know‑how, and a transparent supply chain underpin Pattern’s competitive edge, and with the shares trading at what she views as undemanding EV/EBITDA multiples on 2027–28 forecasts based on cautious margin assumptions, the risk‑reward profile justifies maintaining a Buy recommendation.
According to TipRanks, Terazzi is a 4-star analyst with an average return of 11.4% and a 40.35% success rate.
In another report released on March 25, Corporate Family Office SIM also maintained a Buy rating on the stock with a €5.70 price target.