(Tiper Stock Exchange) – Mediobanca confirmed a 7 euros per share the target price on doValuelisted on Euronext Milan and active in the management and recovery of non-performing loans, also reiterating the recommendation on the title to “OutperformAnalysts write that doValue’s Q2 2023 results beat expectations by double digits in both revenues (13% above estimates) and costs, leading to EBITDA 38% above estimates.
“Following the stock’s negative reaction to weak Q1 2023 results, which followed a period of negative performance for most industry players, doValue is trading at undemanding valuations, as shown by EV/EBITDA multiples at 5.0x and 4.1x on 2023/24 – reads the research – The results of the 2nd quarter of 2023 confirm that the company is on track to recover attractive growth rates in the medium term“.
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