Wirecard: Oddo confirms rating and target price
(CercleFinance.com) - The group has raised its guidance for 2025 as expected, although it has increased estimates well above Oddo's expectations.
Following this announcement, Oddo confirms its Buy rating on the share, along with its target price of 240 euros.
Wirecard said it now targets revenues of more than 12 billion euros, with EBITDA of over 3.8 billion euros by 2025, against 10 billion euros and 3.3 billion euros respectively in its previous estimates.
Oddo believes that this growth is fueled by the transformation of cash in electronics, omnichannel, value-added services and high-volume merchants.
The share is still lagging behind in terms of earnings growth, and Wirecard is the industry's cheapest share given its growth and visibility, analysts add.
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