First Berlin Raises beaconsmind AG Price Target Amid Strategic Acquisitions

Research firm First Berlin has revised its price target for beaconsmind AG to EUR 18.50, retaining a "Buy" rating for the company's shares. This adjustment follows beaconsmind's strategic acquisitions of Swissnet AG, an ICT service provider, and Lokalee, a SaaS platform. The revised price target reflects a significant upside potential of approximately 159% from the closing price of EUR 7.15 on November 21, 2024.

First Berlin highlights the importance of these acquisitions in bolstering beaconsmind's market position in digital infrastructure and SaaS solutions. The integration of acquired companies is expected to enhance synergies and strengthen the company's operational and financial foundation, setting the stage for future growth. The full consolidation is anticipated to be finalized by 2024.