doValue S.p.A, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Simonetta Chiriotti from Mediobanca reiterated a Buy rating on the stock and has a €3.10 price target.
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Simonetta Chiriotti’s rating is based on doValue S.p.A.’s strong financial performance and strategic initiatives. The company reported a significant increase in EBITDA, surpassing expectations by 15%, driven by favorable operating cost trends and a 23% rise in consolidated revenues. This growth was particularly notable in the Hellenic Region, where collections are less affected by seasonal fluctuations, unlike in Italy where judicial and non-judicial activities slow down during summer months.
Furthermore, doValue’s management has confirmed its guidance, with the company’s growth trajectory remaining ahead of plan. The extension of the BPER partnership and the issuance of a new bond at an attractive rate have bolstered its growth prospects and risk profile. The company’s business intake reached €12.4bn, exceeding its full-year guidance ahead of schedule, with further opportunities in Italian local tax receivables. These factors, combined with attractive valuation multiples, underpin the Buy rating.
In another report released on November 11, Kepler Capital also maintained a Buy rating on the stock with a €3.70 price target.