Analyst Davide Longo of TP ICAP MIDCAP maintained a Buy rating on WIIT SpA (9PC – Research Report), retaining the price target of €24.10.
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Davide Longo has given his Buy rating due to a combination of factors that highlight WIIT SpA’s strategic positioning in the cybersecurity sector. The recent agreement between the Italian Ministry of Enterprise and the National Agency for Cybersecurity aims to enhance digital resilience and technological transition, which positions WIIT favorably to benefit from these developments. WIIT’s focus on providing advanced cybersecurity services through its premium data centers in Italy and its expansion in the German market with a new €9 million contract further strengthens its growth prospects.
Additionally, WIIT’s revenue is entirely generated within Europe, shielding it from US tariffs that impact competitors relying on imports from Asia. The company’s emphasis on private cloud solutions with higher security standards aligns with the increasing demand for cybersecurity, and its scalable business model offers a defensive advantage in a challenging trade environment. These factors, combined with WIIT’s strong market presence and growth potential, underpin Davide Longo’s Buy rating and the target price of €24.1.
9PC’s price has also changed dramatically for the past six months – from EUR21.900 to EUR13.060, which is a -40.37% drop .
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