Pinewood Technologies (PINE – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Andrew Wade from Jefferies maintained a Buy rating on the stock and has a p575.00 price target.
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Andrew Wade has given his Buy rating due to a combination of factors that highlight Pinewood Technologies’ strategic moves and potential for growth. The company recently completed the acquisition of the remaining shares of Seez, a prominent automotive AI SaaS provider, for £33 million. This acquisition was funded by an oversubscribed equity raise, indicating strong investor confidence and support.
Wade views the acquisition as significantly beneficial to Pinewood’s earnings, enhancing both the company’s growth trajectory and its overall proposition. The strategic fit of Seez within Pinewood’s existing portfolio is expected to yield positive synergies, prompting an upward revision in the EBITDA estimate for the fiscal year 2026 by approximately £5 million.
According to TipRanks, Wade is a 3-star analyst with an average return of 2.0% and a 49.02% success rate.
In another report released on February 14, Berenberg Bank also maintained a Buy rating on the stock with a p510.00 price target.