Analyst Giada Cabrino of Intesa Sanpaolo maintained a Buy rating on SIT S.p.A., boosting the price target to €3.10.
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Giada Cabrino has given her Buy rating due to a combination of factors that highlight SIT S.p.A.’s positive outlook. The company’s performance in the first nine months of 2025 marked a significant improvement, with sales increasing by 6.8% year-over-year to EUR 238 million. This growth was particularly strong in the third quarter, driven by the Heating & Ventilation and Metering divisions. The Smart Gas Metering segment showed a remarkable recovery, contributing to the overall revenue surge.
Additionally, SIT S.p.A. demonstrated a substantial increase in adjusted EBITDA, which rose by 81.4% year-over-year, reflecting enhanced efficiencies and volume growth. The company’s net debt also decreased, indicating a focus on deleveraging. Cabrino’s confidence in SIT’s future is further supported by the company’s strategic shift towards electrification and its ongoing efforts to restore profitability across all lines. These factors, combined with a revised target price of EUR 3.1 based on a discounted cash flow analysis, underpin her Buy recommendation.