(Finance) – TP ICAP Midcap increased the target price (to 8.8 euros per share from 7.8 euros, upside of 37%) and confirmed the recommendation (Buy) on eVISOa company listed on Euronext Growth Milan that has developed an artificial intelligence platform for trading physical commodities.
Following the latest company announcements regarding the development of the commercial portfolio in the electricity retailer segment and in the commodity gas segment, analysts have revised growth forecasts for the coming years upwards.
TP ICAP Midcap has adjusted the EBITDA estimate for June 2025 to 15.8 million euros (compared to 15.4 million euros previously), an increase despite the expected increase in costs related to commissions for sales staff by a further 1.1 million euros. EBITDA for June 2026 rises to €19.6 million (compared to €18.3 million YoY).
“Despite rising energy prices, we believe eVISO is well positioned to continue to benefit from the current market environment“, we read in the research.