(Finance) – EnVent Italia SIM has confirmed the target price (to 3.00 euros per share, potential upside of 141%) and the recommendation “Outperform” up CleanBnBa company listed on Euronext Growth Milan and active in the field of property management for the short and medium-term rental market.
Analysts recall that CleanBnB unveiled the Pre-closing KPI FY24: number of stays in managed properties over 125,000, +26% compared to FY23, contributing €49.2 million in gross bookings (+23%). In 2024, over 500 properties were added to the portfolio: as of December 2024, CleanBnB managed nearly 3,000 properties in over 100 locations in Italy (up from 2,422 in December 2023 and 2,882 in September 2024). In the fourth quarter of 2024 the number of stays was over 29,000, +19% compared to the fourth quarter of 2023, contributing with 10.4 million euros in gross bookings (+17%).
“FY24 operating data is consistent with our revenue estimates, with a growth of 20% year on year which confirms the trajectory of previous periods”, we read in the research.
(Photo: Priscilla Du Preez on Unsplash)