Wirecard: stock collapses 13% after Innovation Day

(CercleFinance.com) - The Wirecard share fell by over 13% on the Zurich Stock Exchange following the German payment solutions group's presentation of the new targets of its Vision 2025 plan, which it unveiled at its Innovation Day.


Following this event, Oddo BHF has upgraded its recommendation on Wirecard from "neutral" to "buy," with a target price of 230 euros.

The broker stresses that these targets for 2025 (which have repeatedly been referred to as "conservative" by the CEO) are 35% above its own forecasts, although it is difficult to assess the likelihood that they will be met, as they are a long way off.


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