Intermonte analyst Giorgio Tavolini has maintained their bullish stance on 9PC stock, giving a Buy rating on March 10.
Giorgio Tavolini has given his Buy rating due to a combination of factors including WIIT SpA’s strong financial performance and strategic positioning. The company demonstrated robust organic growth in its key markets, with Italy and Germany showing significant progress and a successful turnaround in Switzerland. Despite a slight revenue shortfall, profitability exceeded expectations, driven by strategic efforts to eliminate low-margin activities, leading to an EBITDA that surpassed forecasts.
Furthermore, WIIT’s solid business outlook is supported by a substantial multi-year order backlog, providing strong visibility into future revenues. The company’s strategic focus on expanding its cloud services and capitalizing on the shift from public to hybrid cloud environments positions it well for future growth. Additionally, WIIT’s ongoing M&A strategy to consolidate smaller providers in the DACH region is expected to enhance cost synergies and drive further expansion. These factors, combined with a scalable business model and strong earnings momentum, underpin Tavolini’s positive assessment and Buy rating.
In another report released on March 10, TP ICAP MIDCAP also maintained a Buy rating on the stock with a €24.10 price target.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 9PC in relation to earlier this year.