First Berlin Equity Research Initiates Coverage of LAIQON AG with "Buy" Rating

First Berlin Equity Research GmbH has initiated coverage on LAIQON AG (ISIN: DE000A12UP29), setting a "Buy" rating with a target price of EUR 9.80. The research directed by analyst Christian Orquera highlights LAIQON AG's innovative Digital Asset Platform (DAP) 4.0 and its subsidiary LAIC’s use of cutting-edge artificial intelligence. The LAIC-advisor offers more than a million AI-driven, personalized portfolio options, spanning shares, funds, and ETFs tailored to individual risk profiles.

Union Investment has partnered with LAIQON AG as its white-label distributor, forecasting to generate assets under management (AuM) of €1.5 billion by 2025 and €5.5-€6.5 billion by 2028. This collaboration, aimed at high net worth clients, is set to launch in Q4 2024.

This deal is anticipated to elevate LAIQON AG's current AuM of €6.4 billion and firmly position the company in the growing German WealthTech sector. The valuation model used suggests a fair value of €9.80 per share, justifying the "Buy" rating.