Davide Longo, an analyst from TP ICAP MIDCAP, maintained the Buy rating on WIIT SpA (9PC – Research Report). The associated price target remains the same with €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 and growth potential. The company’s recent renewal of a significant contract in the luxury and automotive sectors underscores its strength in cybersecurity and managed hybrid cloud services. This renewal not only secures a steady revenue stream but also demonstrates WIIT’s capability to integrate advanced technologies to enhance data protection and operational resilience, which are increasingly critical in today’s digital landscape.
Furthermore, WIIT’s business model, which generates approximately 90% of its revenues through multi-year contracts, provides a stable financial foundation. The company’s premium positioning among mid-corporate clients, coupled with its full European exposure, shields it from external economic pressures such as US tariffs. Additionally, the growing importance of cybersecurity, as evidenced by recent industry trends and threats, supports WIIT’s integrated cloud model, reinforcing its market position and justifying the Buy recommendation.
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