Stifel confirms its buy recommendation on the stock with an unchanged target price of €75 after its quarterly sales figures.
The analyst believes that Equasens had a good Q1, with organic growth of 5.9%, which should help the company regain some of the confidence lost in the investment community.
Stifel expects organic growth to accelerate gradually this year, which should help improve the company's profitability despite continued investment.
At 9.4x 2025E EBITDA, we believe Equasens is materially undervalued given that its momentum should improve in 2025, the broker said.
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EQUASENS : Stifel remains bullish after quarterly results
Published on 05/13/2025 at 04:48
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