Strong Financial Performance and Promising Outlook Drive Buy Rating for doValue S.p.A

Davide Rimini, an analyst from Intesa Sanpaolo, maintained the Buy rating on doValue S.p.A (1DB0 – Research Report). The associated price target is €2.60.

Davide Rimini has given his Buy rating due to a combination of factors that highlight doValue S.p.A’s strong performance and promising outlook. The company’s fourth-quarter results for 2024 showed a notable increase in gross revenue, primarily driven by a significant contribution from non-NPL activities and the consolidation of Gardant. This positive financial performance was reflected in the improved operating profit, particularly in Italy and Greece, which supports the company’s business plan objectives for 2024-2026.
Furthermore, the company’s commercial activities have started the year robustly, leading management to maintain their targets for free cash flow generation in 2025. The integration with Gardant is progressing well, with a substantial portion of synergies already realized. Additionally, the company has a strong pipeline of new business opportunities, particularly in tax credit servicing in Italy and potential deals in Spain. These factors, combined with a stable earnings outlook and a favorable DCF model, underpin Rimini’s Buy rating.

In another report released on February 28, Kepler Capital also maintained a Buy rating on the stock with a €2.30 price target.