Nexi slips, Barclays sees risks from increased competition in Italy
Analysts have lowered the target price to EUR 4.1 from EUR 4.5, which means that the price could drop by a further 19% compared to the current stock market price.
1' min read
Le ultime da Radiocor
Meloni: Europa deve assumersi responsabilita', sia componente piu' solida Nato (RCO)
Nato: Crosetto incontra comandante Europa Grynkewich che ringrazia Italia
Bce: da shock energetico possibile impatto per 0,4 punti sul Pil euro nel 2026
1' min read
(Il Sole 24 Ore Radiocor) - Nexi black jersey of the FTSE MIB: at Piazza Affari the payment company's shares are at the bottom of the main list. The share price was affected by the verdict of analysts at Barclays, who lowered the target price to EUR 4.1 from EUR 4.5: the share price could therefore fall by another 19% compared to the current stock price.
In a report entitled 'Domestic stronghold at risk', experts noted that Nexi faces "increasing challenges" in terms of competition in its key market, Italy. Due to a rapid erosion of entry barriers, Barclays expects a drop in revenues by 2030 and estimates 2027 earnings per share to be more than 10% below consensus. "Competition from next-generation providers is intensifying," Barclays points out, noting that "with the shift towards integrated payments and integrated finance now underway, we believe Nexi's product portfolio lacks the integration and agility typical of disruptors." Especially as 'with the shift of payments distribution to digital channels, the company's bank-led distribution model is under pressure and increasingly represents a structural risk given its high cost structure'. For this reason, the analysts confirm the 'underweight' recommendation.
