WAG Payment Solutions Plc, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Hannes Leitner from Jefferies maintained a Buy rating on the stock and has a p103.00 price target.
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Hannes Leitner has given his Buy rating due to a combination of factors, including the expected growth in revenue and active trucks for WAG Payment Solutions Plc. The company is anticipated to report a 9% year-over-year increase in revenue for the first half of 2025, reaching €154 million, alongside a projected rise in active trucks by approximately 9% to 112,000 units.
Despite a lack of significant macroeconomic recovery in Europe, the stock has shown resilience, rebounding from its low in May and achieving a year-to-date increase of around 13%. Leitner notes that while there is cautious sentiment and long-term catalysts around Mobility remain uncertain, there is potential for a significant shift towards generating recurring revenue, reinforcing the Buy recommendation.
In another report released on August 19, UBS also maintained a Buy rating on the stock with a p113.00 price target.