SMC Research Elevates NAGA to "Speculative BUY" Amidst Forthcoming Capex.com Merger

SMC Research has revalued The NAGA Group AG (XETRA: N4G), labeling it as a "Speculative BUY" from its former "HOLD" status, setting a new price target of EUR 1.40 per share. This revaluation represents approximately 115% growth from its current standing at EUR 0.65, based on the latest analysis released. The updation is propelled by the anticipated merger with Capex.com, projected to create significant synergies in cost and product development.

The merger, poised to enhance The NAGA Group's market valuation to a fully diluted cap of EUR 318 million post-completion, is slated for closure in the second quarter of 2024. This progression is contingent upon the green light from shareholder voting scheduled for April 12, 2024, and subsequent regulatory affirmations. The union between NAGA and Capex.com is forecasted to steer NAGA into a more robust financial and product synergy, elevating its market position and potential for growth.