Jefferies analyst Constantin Hesse maintained a Buy rating on PVA TePla today and set a price target of €33.00.
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Constantin Hesse has given his Buy rating due to a combination of factors that highlight PVA TePla’s potential for growth and profitability. The company’s recent capital markets day shed light on the strategic elements that are expected to drive towards its ambitious €500 million revenue target by 2028. Although the growth trajectory is not entirely clear and may be more pronounced in the later years, there are positive indicators that support the stock’s potential.
One of the key factors influencing the Buy rating is the anticipated growth in the metrology segment, which is expected to bolster the company’s performance. Despite some delays in the material solutions area, the overall outlook remains optimistic. The strategic initiatives and expected improvements in margins further reinforce the positive sentiment around PVA TePla’s stock, justifying the raised price target to €33.
In another report released today, Deutsche Bank also maintained a Buy rating on the stock with a €32.00 price target.
Based on the recent corporate insider activity of 7 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 0NL1 in relation to earlier this year.