Montega AG Recommends "Buy" for Shelly Group SE

Montega AG has updated its recommendation for Shelly Group SE, highlighting the company's strong potential in the Smart Home market. Shelly recently showcased its innovative products at the IFA, emphasizing their advancements with new offerings like the Wall Display Gen4 and the Shelly Presence Gen4 room sensor.

The new products, including the Shelly Flood Gen4 for water leak detection, aim to expand Shelly's market reach significantly. These innovations not only cater to the standard Smart Home market but also target sensitive environments such as hospitals, enhancing their appeal and functionality.

Montega forecasts that these product launches will contribute to a dynamic revenue growth, potentially achieving a 35% increase in 2026. The "Buy" recommendation comes with a target price of 61.00 EUR, set for a 12-month outlook.