Analyst Constantin Hesse of Jefferies maintained a Buy rating on PVA TePla, retaining the price target of €37.00.
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Constantin Hesse has given his Buy rating due to a combination of factors that highlight PVA TePla’s strong market position and growth potential. The company confirmed its preliminary results for the third quarter, which showed a significant increase in order intake, up 110% year-over-year and 27% quarter-over-quarter, reaching €72.9 million. This robust order growth is driven by solid demand for metrology equipment and a noticeable uptick in the industrials segment.
Despite some negative impacts on the profit and loss statement due to delays in customer deliveries, the overall order momentum remains positive, with expectations for continued growth into the fourth quarter. PVA TePla’s ability to qualify its metrology equipment with new customers further supports its strong market position. Additionally, the company has reaffirmed its guidance for 2025, indicating confidence in its future performance. These factors collectively underpin the Buy rating assigned by Constantin Hesse.
According to TipRanks, Hesse is a 3-star analyst with an average return of 4.2% and a 45.18% success rate. Hesse covers the Technology sector, focusing on stocks such as PVA TePla, SMA Solar Technology, and Siltronic.
In another report released on October 30, TR | OpenAI – 4o also upgraded the stock to a Buy with a €30.00 price target.