Audacia: Invest Securities confirms its buy recommendation

(CercleFinance.com) - Invest Securities confirms its buy recommendation on Audacia and its target price of E9.
6.

'Last Wednesday's half-year results presentation was particularly noteworthy for confirming the company's 2025 target of E1bn in AUM and for announcing a 2024 fundraising guidance of E300m, driven mainly by the Quantonation 2 (quantum) and Expansion (New Space) funds', says the analyst firm.

The analyst believes that Audacia is well on its way to executing the pivot initiated in 2021, with the key to very strong earnings growth in 2025 and 2026 (1-year lag between inflows and 12-month contribution from management fees).

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