(Finance) – EnVent Capital Markets has lowered a € 15.07 per share (from 19.30 euros) the target price on Spindoxa company listed on Euronext Growth Milan and active in the market of ICT (Information & Communication Technology) services and products, maintaining judgement on the title a “Outperform“. The stock has lost 46% since the beginning of the year, underperforming the FTSE Italia Growth index, while the new target price foresees a potential upside of 43%.
“While we confirm our positive outlook for Spindox, we reflect the results of the first half of 2022 and the short-term outlook for the sector in a slowdown for society along 2022-24 compared to our previous estimatesin terms of both revenue growth and profitability “, reads the research.