on The Naga Group AG (isin : DE000A161NR7)
NAGA Receives Renewed “BUY” Recommendation and EUR 1.20 Price Target from NuWays
Hamburg, 29 May 2024 – NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7) has been upgraded to a "BUY" rating from "HOLD" by NuWays, with a revised price target of EUR 1.20. This change reflects the integration of CAPEX.com activities following a recent merger. Based on a Xetra share price of EUR 0.79 as of 24 May 2024, the new target indicates a potential upside of over 51%.
The analysts highlight expected synergies and cross-selling opportunities between NAGA and CAPEX, which are anticipated to drive sales growth. Additionally, customer activity in the market is projected to increase, further supporting the positive outlook.
Investors are encouraged to review the full report available on NAGA's website.
R. H.
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