Analyst Davide Rimini from Intesa Sanpaolo maintained a Buy rating on doValue S.p.A and keeping the price target at €3.40.
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Davide Rimini has given his Buy rating due to a combination of factors including doValue S.p.A’s strong financial performance and strategic initiatives. The company’s third-quarter results showed robust EBITDA growth and effective cost management, leading to a significant margin expansion despite slightly lower-than-expected revenues. This performance was supported by a 23% year-over-year increase in revenues, driven by growth in non-NPL and VAS services, particularly in the domestic market.
Additionally, doValue’s stable leverage ratio and confirmed dividend policy for 2026 further support the positive outlook. The management’s guidance for 2025 remains optimistic, with expectations of substantial EBITDA and Free Cash Flow. The issuance of senior secured notes to finance the coeo acquisition and the ongoing integration of Gardant are expected to enhance the company’s diversification strategy and long-term growth potential. Consequently, Rimini’s analysis, supported by a target price of EUR 3.4 per share, reflects confidence in doValue’s ability to execute its strategic plans effectively.
In another report released on November 13, Mediobanca also reiterated a Buy rating on the stock with a €3.10 price target.
1DB0’s price has also changed moderately for the past six months – from EUR2.000 to EUR2.556, which is a 27.80% increase.