(News Bulletin 247) – Stifel confirms its ‘buy’ opinion on the SES-imagotag share, with a price target raised from 160 to 175 euros.
According to the analyst firm, last week’s share price decline provides an excellent entry point.
Stifel believes that SES-imagotag constitutes a unique growth story with +80% EBITDA in 2022 and 2023, and an average annual growth rate of 50% for the period 2022-27.
‘SES-imagotag is the world leader in its industry with a very solid market share of 50%, a comfortable technological lead and innovation capabilities that will make it difficult for competitors to keep pace’, underlines the analyst.
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