Positive Outlook for Tinexta SpA: Buy Rating Affirmed Amid Strong 2025 Targets and Attractive Valuation

Carlo Maritano, an analyst from Intermonte, maintained the Buy rating on Tinexta SpA (7T4 – Research Report). The associated price target is €16.40.

Carlo Maritano has given his Buy rating due to a combination of factors that suggest a positive outlook for Tinexta SpA. The company has set realistic targets for 2025, particularly in areas that faced challenges in 2024, such as Cyber and Business Innovation. These targets are expected to be met in the latter part of the year, which could lead to a re-evaluation of the stock’s value. Currently, Tinexta is trading at attractive valuation multiples, with a significant upside potential to the target price of Eu16.4.
Moreover, the company’s 4Q24 results were better than anticipated in certain aspects, with adjusted EBITDA surpassing forecasts due to strong performance in Digital Trust and better-than-expected margins in Business Innovation. Despite some setbacks in Cybersecurity, the overall financial health of the company remains robust, with net debt levels below expectations. Looking forward, Tinexta’s management has provided an optimistic outlook for 2025, with expected growth in revenue and EBITDA across its business units, supported by efficiency improvements and strategic investments.

In another report released on March 7, Intesa Sanpaolo also reiterated a Buy rating on the stock with a €17.50 price target.