Verve Group SE's Strategic Acquisitions and Increased Price Target

First Berlin Equity Research GmbH has issued an updated report on Verve Group SE, reiterating a buy recommendation while increasing the price target from €4.80 to €5.10. Analyst Ellis Acklin cites Verve Group's recent acquisitions of acardo Group AG and Captify Technologies Ltd as pivotal in this decision.

The acquisitions enable Verve Group to access robust retail networks, advance demand-side client outcomes, and fortify its sales presence in the US and Europe. Combined, these deals are projected to add €56 million in sales and €11 million in EBITDA on a full-year normalized 2025E proforma basis. Though financial guidance for 2025 remains unchanged, contributions from the acquisitions are expected to exceed mid-range expectations for the year's second half.