Analyst Henrik Paganetty from Jefferies maintained a Buy rating on CTS Eventim AG & Co. KGaA and decreased the price target to €115.00 from €127.00.
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Henrik Paganetty’s rating is based on the belief that the long-term growth potential of live events remains strong, even amidst current short-term challenges. He acknowledges that while there are some immediate concerns, such as integration costs and a softer festival market, these do not significantly alter the broader growth outlook for the company.
Despite a slight reduction in the projected EBITDA for 2025, the expectations for 2026 remain largely unchanged. Paganetty anticipates that the company’s live entertainment segment will perform better than consensus estimates in the upcoming quarter, which supports his decision to maintain a Buy rating. The price target has been adjusted to €116, reflecting these considerations.
Paganetty covers the Services sector, focusing on stocks such as CTS Eventim AG & Co. KGaA, ZEAL Network, and DO & CO Aktiengesellschaft. According to TipRanks, Paganetty has an average return of 3.6% and a 49.04% success rate on recommended stocks.
In another report released on November 6, Deutsche Bank also maintained a Buy rating on the stock with a €109.00 price target.