Analyst Andrew Wade from Jefferies maintained a Buy rating on Pinewood Technologies and keeping the price target at p500.00.
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Andrew Wade has given his Buy rating due to a combination of factors, including Pinewood Technologies’ stronger‑than‑expected FY25 profitability and confirmation of its medium‑term earnings ambitions. EBITDA and profit before tax modestly exceeded his forecasts, demonstrating resilient operational performance even as revenue was slightly softer, mainly because implementation income was lower than in the prior period.
He also highlights that management has reiterated its FY28 EBITDA objective of around £60m, up from £16m in FY25, with roughly 85% of that uplift already underpinned by contracts that are in place. This high level of visibility on future earnings, together with the endorsement of FY26 expectations, supports his conviction that the shares offer attractive upside potential, justifying the Buy recommendation.
According to TipRanks, Wade is a 4-star analyst with an average return of 3.7% and a 53.25% success rate. Wade covers the Consumer Cyclical sector, focusing on stocks such as Greggs plc, THG, and Pets at Home.