ZEAL Network, the Services sector company, was revisited by a Wall Street analyst today. Analyst Henrik Paganetty from Jefferies maintained a Buy rating on the stock and has a €60.00 price target.
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Henrik Paganetty has given his Buy rating due to a combination of factors including ZEAL Network’s impressive Q3 2025 financial performance and the reaffirmation of its upgraded 2025 guidance. The company reported a significant year-over-year increase in sales, surpassing consensus expectations, largely driven by growth in its customer base and improved billing margins in its lottery segment.
Additionally, ZEAL Network’s games business experienced a notable revenue increase, and the company’s EBITDA also exceeded expectations, benefiting from economies of scale. Despite a slight contraction in the EBITDA margin due to increased marketing investments, the company’s strategic focus on enhancing its promotional activities in response to favorable jackpot conditions supports the positive outlook. These elements collectively underpin Paganetty’s confidence in the stock’s potential, justifying the Buy rating.