Hipay: soaring after solid results

(Boursier.com) — Hipay soars from 11.7 to 7.8 euros, boosted by its annual publication. In a demanding economic context and the implementation of an expense reduction plan, HiPay maintained growth above 10% and increased its margins. For TP ICAP Midcap, the 2023 results came out well beyond expectations and confirm the group’s formidable recovery with an EBITDA approaching 10 ME. Figures that give Hipay and its new management the credit that the turbulence of 2022 and the old management team had exhausted, according to the broker. In a difficult 2023 context, the group has managed to demonstrate its ability to deliver a dynamic and ultimately clearly profitable growth trajectory. A performance which should lead the market to reconsider the value with a fresh eye and allow the stock to continue its revaluation… the analyst is ‘buy’ on the file with a target of 18 euros.