Analyst Michele Mombelli from TP ICAP MIDCAP maintained a Buy rating on WIIT SpA and increased the price target to €24.50 from €24.10.
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Michele Mombelli has given his Buy rating due to a combination of factors that highlight WIIT SpA’s strategic positioning and growth potential. The company is poised to capitalize on the anticipated expansion of data centers in Northern Italy, particularly in Lombardy, where a significant increase in capacity is expected over the next five years. WIIT’s operational model, which benefits from strong operating leverage, allows it to scale revenues efficiently without the need for substantial capital expenditures.
Mombelli also notes that WIIT’s current installed capacity in Italy is underutilized, providing room for growth as demand for digital infrastructure rises. Additionally, WIIT’s expertise in tier IV data centers and its focus on integrated cybersecurity and mission-critical data management align well with the growing market interest in AI and data protection. These factors contribute to the strong conviction in WIIT’s business model and support the Buy recommendation with a target price of €24.5 per share.