FRANKFURT (dpa-AFX) - The recent momentum in Flatexdegiro's recovery continued on Tuesday following upbeat analyst commentary from Citigroup. Andrew Lowe of the U.S. bank expects positive price catalysts, adding the stock to his "Focus List" and reaffirming his "Buy" recommendation. Consequently, the share price surged by more than 4% at its peak on Tuesday, bringing its gains since the late March low to 30%. The stock later pared some of these gains to trade up 2.7%.
The online broker is currently recouping losses from a period of price weakness that began in early February after hitting a record high of over 43 euros. In his research note, Lowe stated that the temporary pullback has created an attractive buying opportunity. He cited increased trading activity, anticipated interest rate hikes, new product launches, and substantial cash reserves as key tailwinds for Flatexdegiro.
By assigning a short-term "Upside Catalyst Watch" status, he expressed his expectation for a strong first quarter. This is coupled with his conviction that consensus estimates for the online broker are due for a significant upward revision. His earnings per share (EPS) estimates for 2026 are 10% above the analyst consensus, rising to 30% above consensus for 2027 and 2028./tih/bek/men
