Warburg Adjusts NAGA Group's Price Target, Reaffirms "BUY" Recommendation

On February 13, 2025, Warburg published a research update regarding The NAGA Group AG, a prominent German fintech firm. The updated report adjusts the company's price target from EUR 1.30 to EUR 1.20, while maintaining the "BUY" recommendation for NAGA's stock. This evaluation reflects a significant upside potential of approximately 90%, as the share priced at EUR 0.63 on February 12, 2025.

Analysts emphasize the company's enhanced profitability following its merger with CAPEX.com. This strategic move has improved operational efficiency and is expected to lead NAGA towards achieving cash break-even. Warburg also anticipates that NAGA will meet its projected guidance over the next two years, reinforcing their positive outlook.