Intesa Sanpaolo analyst Gabriele Berti has maintained their bullish stance on 9PC stock, giving a Buy rating on November 14.
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Gabriele Berti has given his Buy rating due to a combination of factors including WIIT SpA’s strong financial performance and strategic initiatives. The company reported a solid increase in revenues and adjusted EBITDA, driven by the expansion of recurring cloud and cybersecurity services and the successful integration of recent acquisitions. This growth is supported by a robust pipeline in Italy and Germany, with gross bookings already surpassing the previous year’s levels significantly.
Furthermore, WIIT’s strategic focus on premium Secure Private/Hybrid Cloud services and AI-enabled platforms, along with its ongoing M&A activities in the DACH region, enhances its growth prospects. The company’s financial flexibility has been improved through a successful bond placement, which supports its organic growth and M&A strategy. Additionally, WIIT’s business model, characterized by high client retention and low churn rates, provides strong visibility on future growth. The stock is currently trading at attractive multiples, making it an appealing investment opportunity.
Berti covers the Technology sector, focusing on stocks such as Esprinet Spa, Tecno S.P.A., and WIIT SpA. According to TipRanks, Berti has an average return of -1.0% and a 44.05% success rate on recommended stocks.
In another report released on November 14, Intermonte also maintained a Buy rating on the stock with a €26.00 price target.