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Technogym collects the promotion of Intesa Sanpaolo which brings the rating to add from the previous hold and raises the target price from 11.9 to 12.4 euros. “The underlying market trends in terms of pandemic-induced increased wellness demands and B2B and B2C coexistence seem structurally supportive and we think Technogym is on track to capture them thanks to its digital ecosystem and brand strength”, experts report. .
Analysts have revised upward the forecasts for adjusted EPS by 7% for 2022 and 10% for 2023 (about 5% above the consensus), and they assume sales of 976 million euros in 2024, approaching to the guidance of 1 billion euros.