TP ICAP MIDCAP analyst Filippo Migliorisi reiterated a Buy rating on Italian Sea Group S.p.A. (6QN – Research Report) on February 13 and set a price target of €13.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Filippo Migliorisi’s rating is based on several compelling factors. The growth in the superyacht segment is a significant contributor to the Italian Sea Group S.p.A.’s strong business model. This segment, which includes larger and highly customizable vessels, has shown a remarkable increase, reflecting sustained demand in the ultra-luxury market that remains resilient even during economic fluctuations.
The Americas have become a vital growth region for the company, contributing substantially to its revenue and providing a stable base against potential slowdowns in other areas. Despite a decline in the net backlog, the company’s strategic position, especially in superyachts and the Americas, underscores its potential for future growth. The market appears to undervalue these strengths, leading to the reaffirmation of a Buy recommendation with a target price of €13.0.