TP ICAP MIDCAP analyst has maintained their bullish stance on 6QN stock, giving a Buy rating on January 9.
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TP ICAP (Europe) S.A. has given his Buy rating due to a combination of factors related to both commercial momentum and valuation. The broker highlights that the recent sale of an 82-metre Admiral “Galileo” superyacht, scheduled for delivery in 2030, confirms a clear recovery in order intake that began in Q3 2025. This new contract, estimated at roughly €80–90m, represents a sizeable addition to the backlog and marks a notable acceleration after several quarters without large-ticket orders, bringing the group significantly closer to achieving its FY2025 guidance.
TP ICAP (Europe) S.A. ‘s rating is based on the view that the market’s negative reaction to prior order-intake concerns has been exaggerated, leaving the shares trading around historical lows on about 8.5x 2026 earnings. In the analyst’s scenario, securing another comparable order by March 2026 would effectively lock in management’s 2025 targets of €350–370m in revenue and an EBITDA margin of 16.5–17%, which in turn should support a re-rating as annual results approach. Given this combination of recovering commercial traction, visible earnings potential, and an attractive valuation, TP ICAP (Europe) S.A. maintains a Buy recommendation with a target price of €6.2.
In another report released on January 9, TipRanks – PerPlexity also upgraded the stock to a Buy with a €5.00 price target.
6QN’s price has also changed moderately for the past six months – from EUR5.910 to EUR4.560, which is a -22.84% drop .