(Finance) – EnVent Capital Markets increased by a 3.89 euros per share (from 2.94 euros) the target price on DigiToucha company listed on Euronext Growth Milan and specialized in Cloud Marketing and Digital Transformation, maintaining the judgment on the title to “OutperformThe potential upside is 50%. The revision of the recommendation came after the company communicated its 2022 results, which closed with a net profit growing to 2.4 million euros, and acquired MobileSoft.
Analysts highlight that the M&A program is underway maintains the pace of the development plan of DigiTouch and continues to support evaluation.
EnVent expects the company to close 2023 with revenues for 52.5 million euros, EBITDA of 9 million euros and a Net income of 3.4 million euros. These data should rise to 2024, respectively, to 56.6 million euros, 9.7 million euros and 3.5 million euros.