PRESS RELEASE
News
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PRESS RELEASE
Original-Research: Netfonds AG (von NuWays AG): BUY
Netfonds AG has announced the acquisition of a majority stake in 'Meine Finanzkanzlei GmbH' through its subsidiary NVS Netfonds Versicherungsservice AG. This strategic move is expected to improve profitability and strengthen Netfonds' position in the market, particularly in the insurance division. The acquisition also paves the way for significant growth potential, as it enhances customer advice for affiliated banks. Coupled with Netfonds' proprietary 360° finfire platform and its leading position in a market with high entry barriers and long-term growth drivers, this development supports a BUY recommendation with a new price target of €71.00 based on DCF.
