Henrik Paganetty, an analyst from Jefferies, has initiated a new Buy rating on ZEAL Network (0QJQ).
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Henrik Paganetty’s rating is based on ZEAL Network’s strong financial performance and strategic positioning. The company reported impressive Q2 figures, with sales reaching €50.4 million, marking a 24% increase year-over-year, and an EBITDA of €17.7 million, which exceeded expectations by 9%. Despite a weaker jackpot environment, ZEAL managed to improve its gross margin from lotteries to 17.3% in the first half of the year, up from 13.4% in the same period in 2024, thanks to a price increase and a more favorable product mix.
Furthermore, ZEAL’s strategic initiatives have led to a 12% rise in the average number of active monthly customers, even though new customer acquisition was slightly hampered by challenging conditions. The company remains on track to meet its 2025 revenue and EBITDA targets, demonstrating resilience and effective management. These factors collectively underpin Paganetty’s confidence in ZEAL’s growth prospects, justifying the Buy rating.
Paganetty covers the Technology sector, focusing on stocks such as ATOSS Software, adesso AG, and Jenoptik. According to TipRanks, Paganetty has an average return of 3.6% and a 50.99% success rate on recommended stocks.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a €52.00 price target.