(CercleFinance.com) – The stock ended the session in the green benefiting from the positive analysis of Berenberg who renewed his buy recommendation on the stock on Tuesday, while adjusting his price target, reduced from 10 to 9.8 euros.
In a research note, the financial intermediary explains that the satellite operator will have to achieve three important objectives over the next two years.
According to him, it is a question of (1) successfully launching nine new satellites in medium orbit and five geostationary satellites in 2022, (2) receiving the payment of an amount corresponding to approximately 70% of its market capitalization under the release of C-band in the United States and (3) to return to growth in sales and Ebitda in 2023.
According to Berenberg, the achievement of all these objectives should promote a revaluation of the stock market.
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