First Berlin Maintains "Buy" Rating on beaconsmind with EUR 14.00 Price Target

On April 5, 2024, First Berlin Equity Research GmbH reaffirmed its "Buy" rating for beaconsmind Group, signaling a substantial growth potential with a price target set at EUR 14.00. This forecast represents a nearly 190% increase from the stock's previous closing price of EUR 4.84 on Xetra. The Zurich-based beaconsmind Group, known for its SaaS and IT infrastructure solutions in digital transformation and location-based marketing, continues to showcase strong performance through strategic contracts and projects.

Recent accomplishments include securing two major contracts within the CloudWiFi hotspot and infrastructure domains, significantly boosting its product portfolio's strength. Notably, beaconsmind has undertaken a project with the Semperoper Dresden, installing advanced projection technology expected to generate about 0.2 million CHF in revenue. In addition, the Group has expanded its client base by adding the Ryf hair salon chain, utilizing beaconsmind's marketing tools across 43 locations to enhance customer engagement.

The comprehensive analysis by First Berlin highlights potential future mergers and acquisitions that could further elevate beaconsmind's market valuation, indicating these possibilities are not yet fully accounted for in the current stock price.