on The Naga Group AG (isin : DE000A161NR7)
The NAGA Group: NuWays Confirms “BUY” Recommendation with EUR 1.20 Price Target
The NAGA Group AG has received a research update from NuWays, retaining its “BUY” rating and a price target of EUR 1.20. As of 17 July 2024, the company’s shares traded at EUR 0.80 on Xetra, giving it a potential upside of 50%.
NuWays analysts expect positive outcomes from NAGA's merger with CAPEX.com. They highlight the revitalization of market trading activities and cross-selling opportunities between the two companies. Other promising factors include synergy effects and ongoing cost discipline.
R. H.
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