First Berlin Raises Beaconsmind AG's Price Target to EUR 14.50

First Berlin has increased its price target for beaconsmind AG shares from EUR 14.00 to EUR 14.50 and maintains a "Buy" rating. Beaconsmind AG, a Swiss-based company specializing in SaaS, IT infrastructure, and location-based marketing, showed strong revenue and EBITDA growth in the first half of 2024, driven by a successful Wi-Fi business. The company's strategic expansions into the MENA region and Spain, along with new partnerships in retail, healthcare, and education, contribute to their positive outlook.

The current share price on Xetra was EUR 7.15 as of 21 October 2024. The new price target anticipates future M&A activity, offering potential for further upside. Investors can access the detailed report on the corporate website's investor relations section.