WIIT SpA (9PC – Research Report), the Technology sector company, was revisited by a Wall Street analyst on March 13. Analyst Gabriele Berti from Intesa Sanpaolo reiterated a Buy rating on the stock and has a €25.00 price target.
Gabriele Berti has given his Buy rating due to a combination of factors including the strong order backlog that provides high visibility for 2025. Despite initial dilution in EBITDA margins from recent acquisitions, the integration of these businesses is expected to enhance profitability through cost synergies and a focus on core revenues. The turnaround in Switzerland and improved profitability in Germany further support a positive outlook.
Additionally, the management’s expectations of high single-digit organic growth in Italy and Germany, coupled with a balanced order intake from new and renewing customers, bolster confidence in future performance. While higher depreciation and amortization due to IFRS16 impacts are anticipated, the company’s strategic focus on expanding in the DACH region and targeting synergistic acquisitions underpins the Buy recommendation.
In another report released on March 12, Intermonte also maintained a Buy rating on the stock with a €26.00 price target.