(Telestock) – Have a nice day Invitewhich gains 1.87% on the stock marketbenefiting among other things from a good judgment of JP Morgan awaiting the half-year results which will be announced on July 30th. The investment bank’s analysts confirmed their opinion overweightslightly revising downwards the Target Price at 14.3 euros; a valuation that still offers a potential upside of 46% on the current prices of the stock.
Jp Morgan considers the stock valuation attractive and investors’ concerns exaggerated and misplaced, while expecting “robust” second-quarter results: revenues expected to grow by more than 9% and EBITDA seen to rise by 9.6% to 237 million.
On a weekly basis, the stock’s trend is more solid than that of the FTSE MIB., confirming the appeal of the stock. The short-term technical status of Invite highlights an expansion of the positive performance of the curve with the first resistance area identified at 10.39 Euro. Risk of possible correction up to the target of 10.28. Expectations are for an increase in the bullish trendline towards the resistance area of 10.5.