Goldman Sachs analyst Chris Hallam maintained a Buy rating on UniCredit SpA on July 23 and set a price target of €64.50.
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Chris Hallam has given his Buy rating due to a combination of factors that highlight UniCredit SpA’s strong financial performance and positive future outlook. The company reported a significant increase in net profit for the second quarter, surpassing expectations by 32%, even when excluding one-off items. This robust performance has led to an upgraded net profit forecast for 2025, now expected to reach approximately €10.5 billion, which is notably higher than the previous guidance and the consensus estimate.
Furthermore, UniCredit has improved its return on tangible equity (ROTE) guidance to over 20%, reflecting enhanced profitability expectations. The bank’s distribution outlook has also been raised, with a projected total distribution envelope of at least €30 billion for the fiscal years 2025 to 2027. These positive revisions, alongside the consolidation of earnings from strategic investments in Commerzbank and Alpha Bank, underpin the optimistic assessment of UniCredit’s financial health and growth potential.
According to TipRanks, Hallam is a top 100 analyst with an average return of 25.0% and a 77.78% success rate. Hallam covers the Financial sector, focusing on stocks such as Banco Santander, UBS Group AG, and Deutsche Bank AG.
In another report released on July 23, Barclays also maintained a Buy rating on the stock with a €70.00 price target.