Tinexta SpA, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Gabriele Berti from Intesa Sanpaolo downgraded the rating on the stock to a Hold and gave it a €15.50 price target.
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Gabriele Berti has given his Hold rating due to a combination of factors surrounding Tinexta SpA. The primary focus is on the ongoing discussions between Tecno Holding, Tinexta’s largest shareholder, and a consortium of private equity funds, which might lead to a strategic partnership and potential delisting of the company. Despite these uncertainties, Tinexta’s solid performance in the first half of 2025, with significant revenue growth and improved cash flow, underscores the strength of its core business.
However, the current share price is nearing the speculated valuation, which suggests that much of the speculative sentiment regarding the potential transaction is already reflected in the stock price. Consequently, after adjusting estimates and updating the valuation model, the target price is set at EUR 15.5. Given these considerations, the stock is rated as Hold, indicating a neutral stance until further clarity on the strategic discussions is achieved.
Berti covers the Technology sector, focusing on stocks such as Tinexta SpA, Esprinet Spa, and WIIT SpA. According to TipRanks, Berti has an average return of -5.6% and a 38.36% success rate on recommended stocks.
In another report released on July 22, Kepler Capital also maintained a Hold rating on the stock with a €10.00 price target.