In a report released on June 16, Davide Longo from TP ICAP MIDCAP maintained a Buy rating on eVISO SpA (6Z8 – Research Report), with a price target of €14.00.
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Davide Longo has given his Buy rating due to a combination of factors that highlight eVISO SpA’s strategic advancements and operational efficiencies. The company has implemented a new technological upgrade aimed at optimizing human capital by addressing digital inefficiencies. This initiative has already recovered approximately 9,100 hours of annual work time, with a goal to free up a total of 15,000 hours per year. Such improvements underscore eVISO’s competitive edge in its ‘commod-tech’ model, which is pivotal for its expansion into gas and international markets.
Furthermore, the productivity gains achieved through artificial intelligence and enhanced internal infrastructure are expected to lead to a structural improvement in the company’s gross margin. This aligns with a scalable business model that promises increased profitability without a corresponding rise in fixed costs. The strategic focus on operational leverage and the potential for growth in new markets reinforce the validity of the Buy rating, with a target price set at €14.
According to TipRanks, Longo is a 4-star analyst with an average return of 8.3% and a 60.40% success rate. Longo covers the Technology sector, focusing on stocks such as Maps S.p.A., Expert.ai S.p.A., and WIIT SpA.