Analyst Mario Coppola of Stifel Nicolaus maintained a Buy rating on Prysmian SpA (0NUX – Research Report), retaining the price target of €73.30.
Mario Coppola has given his Buy rating due to a combination of factors that highlight Prysmian SpA’s promising growth prospects. The company has set ambitious targets for 2028, which align closely with market expectations, and these targets are supported by a strong backlog, particularly in the Transmission segment. This segment is expected to drive significant growth with a compound annual growth rate of 25-28% in adjusted EBITDA, providing high visibility and low risk of underperformance.
Furthermore, Prysmian’s strategic acquisition of Channell is anticipated to contribute positively to its financial performance, adding to the company’s growth trajectory. Despite some market concerns about the Power Grid and Electrification segments, Coppola believes that the company’s cautious approach in setting targets leaves room for upside potential. The overall financial outlook, characterized by strong cash generation and achievable targets, supports a favorable risk-reward balance, justifying the Buy rating.
In another report released today, Citi also reiterated a Buy rating on the stock with a €69.00 price target.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0NUX in relation to earlier this year.