Pluxee N.V.: Hold Rating Amid Strong Operational Performance and Fair Valuation

In a report released today, Ed Young from Morgan Stanley maintained a Hold rating on PLUXEE N.V. (PLX – Research Report), with a price target of €24.00.

Ed Young has given his Hold rating due to a combination of factors that reflect both positive performance and cautious outlook. Pluxee N.V. reported slightly better than expected results for the first half of the year, with revenues and EBITDA surpassing consensus estimates. The company also raised its EBITDA margin growth guidance, which indicates a strong operational performance.
However, despite these positive results, the valuation metrics such as the price-to-earnings ratio and free cash flow yield suggest that the stock is fairly valued at its current price. Additionally, while the company has maintained its sales growth guidance, the regional performance shows variability, with stronger growth in regions outside of Continental Europe. These factors contribute to a balanced view, leading to the Hold rating, as the stock may not offer significant upside potential in the near term.

According to TipRanks, Young is a 4-star analyst with an average return of 10.1% and a 53.19% success rate.