Jefferies analyst Constantin Hesse reiterated a Buy rating on PVA TePla today and set a price target of €37.00.
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Constantin Hesse has given his Buy rating due to a combination of factors that point towards a promising outlook for PVA TePla. The company is expected to experience another strong quarter, driven by increased orders in the metrology sector and a recovery in the industrials segment. Although the upcoming quarter may not surpass the exceptional results of the previous one, the positive momentum is likely to continue, which is favorable for investor sentiment.
Furthermore, the rising demand for advanced chips, particularly those used in AI applications, presents a significant growth opportunity for PVA TePla’s metrology equipment. The anticipation of further customer qualifications adds to the potential for increased business. With these factors in mind, Hesse’s analysis suggests that the company’s valuation remains attractive, justifying the Buy recommendation.