(Finance) – EnVent Italia SIM has lowered to 3.00 euros per share (from 4.00 euros previously) on target price on Yolo Groupan Italian insurtech operator listed on Euronext Growth Milan, maintaining the judgment on the title to “Outperform” given the potential upside of 100%.
Analysts write that Yolo continues to develop its networkto consolidate the ground on which further progress is expected in the second half of 2024, on the basis of partnerships growing up to 139, +40% compared to the first half of 2023, and broker affiliations on the proprietary YIN platform (Yolo Insurance Network ).
After the data for the first half of 2024 and considering management’s indications that the second half will be at break-even, analysts consider their previous estimates as exceeded and reconsider the rapid growth projections after 2024 with a cautious approach. Banking on acquisitions under Yolo’s high-growth prospects, EnVent is moving the forecast forward one year.
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