In a report released yesterday, Giada Cabrino from Intesa Sanpaolo maintained a Buy rating on Next Geosolutions Europe SpA, with a price target of €14.40.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Giada Cabrino has given her Buy rating due to a combination of factors that highlight the strategic growth and financial strength of Next Geosolutions Europe SpA. The acquisition of RANA Subsea is a pivotal move, enhancing NextGeo’s market position by broadening its service offerings and enabling the company to pursue larger contracts. This acquisition is expected to be significantly earnings accretive, contributing to a robust revenue projection and maintaining a healthy cash position.
Moreover, the recent framework agreement with TotalEnergies underscores NextGeo’s expanding global footprint and its capability to support major offshore projects. The company’s valuation, based on a balanced approach of discounted cash flow and peer comparison, suggests a substantial upside potential with a new target price set at EUR 14.4. These strategic initiatives and financial metrics collectively justify the Buy rating assigned by Giada Cabrino.
NXT’s price has also changed slightly for the past six months – from EUR8.710 to EUR9.240, which is a 6.08% increase.