In a report released today, Hannes Leitner from Jefferies maintained a Hold rating on PLUXEE N.V., with a price target of €20.40.
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Hannes Leitner has given his Hold rating due to a combination of factors observed in PLUXEE N.V.’s recent financial performance. The company’s third-quarter revenue showed an 11% organic growth year-over-year, which aligns with market expectations, although it represented a 10% decline quarter-over-quarter. This growth was primarily supported by operating revenue that slightly exceeded expectations, offsetting a minor shortfall in another segment.
Despite the overall in-line results, the company’s float revenue performed better than anticipated when adjusted for negative foreign exchange impacts. However, the confirmation of the 2025 guidance suggests stability rather than significant growth potential, leading to the expectation of a subdued market reaction. These factors collectively contribute to the Hold rating, indicating that the stock is expected to perform in line with the broader market without significant upward or downward momentum.
Leitner covers the Technology sector, focusing on stocks such as Worldline, Adyen, and Wise PLC Class A. According to TipRanks, Leitner has an average return of 17.3% and a 66.46% success rate on recommended stocks.