The NAGA Group: NuWays Research Update Confirms "BUY" and Raises Price Target to EUR 1.40

The NAGA Group AG has received an updated research report from NuWays, which maintains the “BUY” recommendation for the company's shares. The analysts have raised the price target from EUR 1.20 to EUR 1.40. Based on the Xetra share price of EUR 1.08 as of 19 September 2024, this new target represents an upside potential of approximately 30%.

According to the report, the expected recovery in the trading market, combined with cross-selling and synergy effects from strategic mergers and collaborations, are anticipated to fuel NAGA’s continued growth.