Elumeo SE Receives a Buy Rating from NuWays AG

NuWays AG, a distinguished equity research firm, has issued a Buy recommendation for elumeo SE, with a target price set at €5.00. The ongoing analysis highlights potential growth avenues for elumeo, which are expected to significantly contribute to its future top and bottom line. Notably, elumeo's platform, juwelo, and the newly launched platform, jooli, in India, are expected to play critical roles in driving this anticipated growth.

Despite challenges stemming from the current subdued consumer sentiment, juwelo aims to maintain and increase its customer base by offering a range of products that cater to varying budgetary constraints. Innovations such as the development of a mobile jewelry shopping app and AI-driven shopping shows are anticipated to lower operational costs and enhance global outreach. On the other hand, jooli, which focuses on the Indian market, leverages low customer acquisition costs and high-potential data analytics to offer a diversified shopping experience, including livestream shopping of lifestyle products and jewelry.

The analysis also reflects a cautious optimism regarding a gradual recovery in the jewelry and broader e-commerce sectors, which should benefit elumeo's core platform, juwelo. However, substantial impacts on elumeo's financials from jooli are not expected until 2026. The firm reiterates its Buy rating based on a DCF analysis, with a steady outlook for elumeo's performance in the coming years.