FRANKFURT (dpa-AFX Broker) - After the recent price slide, the shares of Flatexdegiro stabilized on Thursday following a buy recommendation. The shares of the online broker gained 3.7 percent at times to 13.46 euros. The day before, they had struggled to hold the 100-day moving average after correcting almost 15 percent from their annual high in mid-October.

Goldman Sachs analyst Charles Mayne, with his price target of EUR 17, believes they are capable of a little more than the EUR 15.32 reached at the time. He praised the significant reduction in regulatory uncertainties and expects retail trading volumes to pick up in 2025 and beyond. According to the expert, sentiment is improving as inflationary pressure continues to ease.

With 19 percent growth in 2024, Flatexdegiro is among the top ten in the SDax this year /ag/mis

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