The NAGA Group AG

Equities

N4G

DE000A161NR7

Financial Technology (Fintech)

Market Closed - Xetra Other stock markets 11:36:20 2024-06-14 am EDT			5-day change	1st Jan Change
0.772 ^EUR	+2.66%		-3.50%	-27.85%

Apr. 22	Naga Group Wins Shareholder Approval for CAPEX.com Merger	MT
2023	Naga to Merge with Gibraltar-based Key Way	MT

NAGA receives “BUY” rating and target price of EUR 1.40 in new M.M. WARBURG & CO report

May 22, 2024 at 05:46 am EDT

EQS-News: The NAGA Group AG / Key word(s): Research Update
NAGA receives “BUY” rating and target price of EUR 1.40 in new M.M. WARBURG & CO report

22.05.2024 / 11:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

NAGA receives “BUY” rating and target price of EUR 1.40 in new M.M. WARBURG & CO report

Rating: Buy
Price Target: EUR 1.40
Upside to current share price: 79.5%

Hamburg, 22 May 2024 – The NAGA GROUP (XETRA: N4G, ISIN: DE000A161NR7) today announced that M.M. Warburg & Co issued a new research report on the company, assigning a “BUY” rating and a target price of EUR 1.40. Based on a Xetra share price of EUR 0.78 on 21 May 2024, an upside potential of over 79% is attributed to the shares.

The report highlights the benefits of the merger with Capex.com and its positive outlook post-closing. We encourage investors to review the full report, available on our website.

Click here to access

About NAGA

NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social proprietary trading platform. The company's platform offers a range of products from stock trading, investments, and cryptocurrencies to a physical VISA card. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a synergistic total solution that is easily accessible and inclusive. It provides an improved foundation to trade, invest, network, earn and pay. This applies to both fiat and crypto products.

Investor Relations Contact

The NAGA Group AG
Michael Milonas
Co-Founder and Deputy CEO
ir@naga.com

22.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	The NAGA Group AG
	Hohe Bleichen 12
	20354 Hamburg
	Germany
E-mail:	info@naga.com
Internet:	www.naga.com
ISIN:	DE000A161NR7
WKN:	A161NR
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1908079


End of News	EQS News Service

1908079 22.05.2024 CET/CEST

Latest news about The NAGA Group AG

Naga Group Wins Shareholder Approval for CAPEX.com Merger	Apr. 22	MT
Naga to Merge with Gibraltar-based Key Way	Dec. 19	MT
The NAGA Group AG (XTRA : N4G) agreed to acquire KW Investments Ltd.	Dec. 18	CI
The NAGA Group AG Reports Earnings Results for the Half Year Ended June 30, 2023	Dec. 11	CI
The NAGA Group AG Reports Earnings Results for the Full Year Ended December 31, 2022	Nov. 03	CI
The NAGA Group AG Announces Leadership Changes	23-06-19	CI
The NAGA Group AG Announces CEO Changes	23-06-19	CI
The NAGA Group AG announced that it expects to receive ?8.2 million in funding	23-04-14	CI
German Stocks Plunge as Recession Fears Resurface	23-01-19	MT
Naga Group In Talks with Unnamed Brokerage Firm for Potential Merger	23-01-19	MT
The NAGA Group AG Reports Earnings Results for the Half Year Ended June 30, 2022	22-12-23	CI
The NAGA Group AG Reports Earnings Results for the Full Year Ended December 31, 2021	22-10-14	CI
Germany's NAGA Group Soars 16% on New Seychelles License, Possible Brazil Crypto JV	22-10-12	MT
The NAGA Group AG acquired 360Sweater Company, LLC.	22-07-14	CI
The NAGA Group AG Announces Launch of New Social Trading Platform Focused on Cryptocurrencies: NAGAX	22-01-13	CI
Naga Group Plans Nasdaq IPO	21-11-24	CI
Germany's NAGA Group Plans H2 2022 IPO in US	21-11-24	MT
NAGA to Cut Direct Business Ties with UK Customers in December	21-11-24	MT
The NAGA Group AG Provides Sales Guidance for 2022	21-11-24	CI
The NAGA Group AG announced that it has received ?33.786 million in funding	21-11-18	CI
NAGA Group AG Announces the Launch of the Revolutionary Payment Platform "NAGA Pay"	21-11-03	CI
The NAGA Group AG Reports Earnings Results for the Half Year Ended June 30, 2021	21-11-01	CI
The NAGA Group AG launches stock trading for EUR 0.99 per trade for clients in more than 100 countries and announces its own NFT platform for Q4	21-10-27	CI
The NAGA Group AG Announces Preliminary Sales Results for the Third Quarter of 2021	21-10-11	CI
The NAGA Group AG announced that it expects to receive €22.7 million in funding from Apeiron Investment Group Ltd. and another investor	21-09-15	CI

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Company Profile

Naga Group AG is a Germany-based company, which is engaged in the development and marketing of applications in the area of financial technology. The Company's products include NAGA TRADER, a social trading application that allows users to trade foreign exchange (ForEx), indices, equities and cryptocurrency Contracts for Difference (CFDs) by copying other trades; NAGA VIRTUAL, a platform for trading in virtual objects from online games; NAGA COIN, a social trading platform for the NGC cryptocurrency; NAGA WALLET, a multi-currency payment gateway for cryptocurrencies and digital money; NAGA EXCHANGE, a cryptocurrency exchange network, and NAGA ACADEMY, an online learning portal for traders. The Company has offices in Germany, Spain, Bosnia and Herzegovina, and Cyprus.

Sector

Financial Technology (Fintech)

Calendar

2024-07-21 - Q4 2023 Earnings Release (Projected)

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Ratings for The NAGA Group AG

Trading Rating

Investor Rating

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.772 EUR

Average target price

1.9 EUR

Spread / Average Target

+146.11%

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Sector Financial Technology (Fintech) (NEC)

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