First Berlin Equity Research Reiterates Buy Rating for Verve Group SE

First Berlin Equity Research GmbH has released a new research update on Verve Group SE (ISIN: SE0018538068). Analyst Ellis Acklin reaffirmed his BUY recommendation and maintained the target price at €5.40. The update follows the Q2 report which confirmed preliminary key performance indicators (KPIs) issued on August 12.

The report highlights several positive developments that have energized investors this year. Firstly, organic sales growth (OSG) outpaced expectations, hitting 26% in Q2. Additionally, the company engaged in noteworthy M&A activity and has revised its guidance upwards twice. Verve's management indicated sustained KPI strength, suggesting solid performances in July and August.

Verve is making significant strides in the digital advertising space with its 'privacy-first' ID-less targeting tools, positioning itself at the forefront of industry transformation. Despite a substantial year-to-date share price increase of 200%, Verve continues to trade at 5.0 times its 2025E EV/EBITDA.

The reinforced BUY rating and target price suggest continued confidence in Verve's market position and future growth prospects.