The NAGA Group Upgraded to "BUY" Rating with Price Target Raised

Hamburg, 30 July 2024 – The NAGA Group AG has received an upgrade from SMC, elevating its rating to "BUY" from "SPECULATIVE BUY." The price target has also been raised to EUR 1.60 from the previous EUR 1.40. With a Xetra share price of EUR 0.81 noted on 26 July 2024, this new target suggests a significant upside potential of 97.5%.

Analysts highlight the recent merger between NAGA and CAPEX.com as a key driver for projected high growth and increased margins. The consolidation is expected to strengthen NAGA's financial performance and market position.

NAGA, a prominent German fintech company, operates a unified platform integrating social trading, stock investment, cryptocurrency, and neo banking services. It serves users in over 100 countries, offering functionalities such as a physical VISA card with automatic crypto conversion, cashback, and advanced social trading features.