(News Bulletin 247) – Invest Securities maintains its buy rating on the Audacia share, with a price target raised from 9.2 to 11.4 euros.
According to the analyst, the 2022 results only partially reflect the effects of the strategy implemented since 2018, the success of Quantonation and its raising of 91ME being partly eclipsed by the investments made to start the 2 new thematic funds (New Space and Energy Transition), as well as the gradual extinction of historical ISF activities.
Invest estimates that after Quantonation in 2022, the 2023 financial year will be marked by the first closing of the New Space fund (50ME targeted), allowing (i) to definitively validate the strategy based on new funds at the target size revised upwards , (ii) to give credibility to the objective of 1 MdE of AUM at the end of 2025 and (iii) to offer a strong potential for appreciation of the results in 2024 and beyond.
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