Pietro Nargi, an analyst from Intermonte, maintained the Buy rating on Sys-dat S.P.A.. The associated price target remains the same with €8.60.
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Pietro Nargi’s rating is based on the anticipation of strong third-quarter results for Sys-dat S.P.A., which are expected to show a significant year-over-year increase in net sales and EBITDA. The company is projected to achieve a solid organic growth rate, outperforming the broader Italian digital market, supported by a robust profitability trend.
Additionally, Sys-dat’s strategic acquisitions, such as A&C Holding, have contributed to a high share of recurring revenues, enhancing the company’s financial stability. Despite a slight downward revision in future growth estimates, the outlook remains positive, with potential for further M&A activities. The target price of €8.60 reflects these growth prospects and the company’s ability to generate additional value through successful acquisitions.
According to TipRanks, Nargi is a 3-star analyst with an average return of 8.6% and a 69.05% success rate. Nargi covers the Technology sector, focusing on stocks such as Sys-dat S.P.A., Esprinet Spa, and CY4Gate SpA.