Ad Pepper Media International N.V. Receives Buy Recommendation

First Berlin Equity Research GmbH has released a research update on ad pepper media International N.V., providing a Buy recommendation with a target price of €5.00. Analyst Dr. Karsten von Blumenthal confirmed the recommendation following the company's first half-year report. The report indicates an EBITDA of €3.1 million, aligning with previously disclosed figures and positioning the online marketing company to meet its 2026 guidance of €6.5 to €7.5 million, with expected strength in the fourth quarter.

The firm’s substantial net liquidity is noted to provide ample room for further mergers and acquisitions. First Berlin’s analysis through an updated DCF model maintains the price target, citing an 89% upside potential. This assessment comes after a previous upgrade of the recommendation from Add to Buy on July 20, 2020.