Strong Start and Raised Targets Drive Buy Rating for doValue S.p.A Amid Successful Diversification and Expansion Strategies

Intesa Sanpaolo analyst Davide Rimini maintained a Buy rating on doValue S.p.A (1DB0 – Research Report) on May 28 and set a price target of €2.70.

Davide Rimini has given his Buy rating due to a combination of factors including doValue S.p.A’s strong start to the year and the company’s raised business targets. The first quarter of 2025 showed significant growth in gross revenue, primarily driven by an increase in non-NPL contributions, which are nearing the company’s year-end 2026 target. The operating profit also improved, with notable contributions from Italy and reduced losses in Spain, leading to an increase in the new business target for 2025 to over EUR 12 billion in gross book value.
Furthermore, the integration of Gardant is progressing well, contributing to a substantial increase in revenue and operating performance. The company’s diversification strategy is proving successful, with a strong pipeline for the next 18 months and an expansion into the non-financial receivables market. The positive outlook for 2025, along with stable EBITDA estimates and a slightly adjusted discount rate, supports the Buy rating, as these factors indicate a promising future for doValue S.p.A.

Rimini covers the Financial sector, focusing on stocks such as FNM S.p.A., doValue S.p.A, and Equita Group SpA. According to TipRanks, Rimini has an average return of 7.3% and a 54.00% success rate on recommended stocks.

In another report released on May 26, Kepler Capital also maintained a Buy rating on the stock with a €2.40 price target.