Nexi attempts recovery after post-plan thud, but analysts remain cautious

(Il Sole 24 Ore Radiocor) - Nexi attempts to recover after a 16% thud on the eve of the day the company unveiled its business plan for the coming years. Stocks gained around four points, then reduced their progress. Analysts, however, remain quite cautious. Equita, for instance, revised its future estimates and thus also reduced its price target from EUR 4 to EUR 3.1.

The sim maintained its 'Hold' recommendation on the company's shares, while appreciating the company's strategy to recover growth. "We believe that the downward trend in estimates expected for 2026-27 makes the company's strong recovery of growth expected from 2028 onwards challenging," the sim's experts commented, adding that they prefer not to draw any forecasts on future dividends, although they still confirmed that they are expecting a total dividend of 350 million to be distributed in 2026.

"The sustainability of the distribution remains linked to the recovery of the business, which still has limited visibility at the moment," they concluded. Banca Akros also maintained its 'Neutral' recommendation, but cut its price target to EUR 3 from the previous EUR 3.6, pointing to the fact that the company indicated that it expects a return to growth only from 2028. For the same reasons, Intermonte also cut its rating on the shares to 'Neutral' and its price target to EUR 3.1, fearing, among other things, that pressure on margins could also be seen in 2028.