In a report released on November 14, Giorgio Tavolini from Intermonte maintained a Buy rating on WIIT SpA, with a price target of €26.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Giorgio Tavolini has given his Buy rating due to a combination of factors that highlight WIIT SpA’s strong financial performance and strategic positioning. The company reported solid results with revenues aligning closely with expectations and adjusted EBITDA slightly surpassing projections, indicating healthy organic growth and a high recurring revenue component. This performance is supported by the company’s focus on premium services and operational efficiency, which have contributed to improved margins and free cash flow generation.
Additionally, WIIT SpA’s strategic initiatives, such as the planned shift towards free cash flow generation, deleveraging, and selective mergers and acquisitions in the DACH region, further bolster its growth prospects. The company’s expansion in Germany and Italy, coupled with its premium cloud services tailored for mission-critical applications, positions it well for long-term success. The reaffirmation of the €26 target price, despite changes in estimates, underscores the stock’s solid visibility on organic growth, strong earnings momentum, and attractive M&A opportunities, reinforcing Tavolini’s positive outlook.
According to TipRanks, Tavolini is ranked #6054 out of 10073 analysts.
In another report released on November 14, Intesa Sanpaolo also maintained a Buy rating on the stock with a €26.20 price target.