Giorgio Tavolini, an analyst from Intermonte, maintained the Buy rating on WIIT SpA (9PC – Research Report). The associated price target was lowered to €25.00.
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Giorgio Tavolini has given his Buy rating due to a combination of factors including WIIT SpA’s strong financial performance and strategic growth initiatives. The company reported impressive first-quarter results, with revenue surpassing expectations due to organic growth and successful M&A activities, particularly in Germany and Switzerland. Profitability also exceeded forecasts, driven by a focus on high-value services and operational efficiencies, which helped offset increased personnel costs from recent acquisitions.
Furthermore, WIIT’s outlook remains positive with anticipated solid trends in the second quarter, supported by strong organic growth, new client activations, and effective cost management. The company’s strategic initiatives, such as the WIIT Cloud Native Platform and ongoing M&A evaluations, further bolster its growth prospects. Despite minor adjustments to financial estimates, WIIT’s robust earnings momentum and attractive M&A opportunities reinforce Tavolini’s positive stance, positioning the company well for long-term growth in the cloud services sector.
In another report released yesterday, Intesa Sanpaolo also maintained a Buy rating on the stock with a €25.00 price target.