Racing Force SpA: Strong Financial Performance and Growth Prospects Justify Buy Rating

In a report released on March 27, Corentin Marty from TP ICAP MIDCAP maintained a Buy rating on Racing Force SpA (RFG – Research Report), with a price target of €6.40.

Corentin Marty has given his Buy rating due to a combination of factors that highlight Racing Force SpA’s strong financial performance and promising growth prospects. The company has demonstrated a solid financial position with a revenue increase of 4.8% year-over-year, an improved EBITDA margin, and a near-zero net debt position, which underscores its financial stability and operational efficiency.
Additionally, the company’s core motorsport business is experiencing a growing order backlog, expected to convert into revenue from the second quarter onwards, indicating robust demand across product categories and regions. Furthermore, Racing Force SpA’s diversification into law enforcement helmets, with positive initial feedback and upcoming commercial activities, presents new revenue opportunities. These strategic initiatives, combined with the company’s strong financial metrics, support the Buy rating assigned by Corentin Marty.

Based on the recent corporate insider activity of 12 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 RFG in relation to earlier this year.