First Berlin reiterates Buy on Verve Group, cuts price target to EUR 4

Reuters2026/08/28 12:09

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First Berlin reiterated a Buy rating on Verve Group, cutting its 12-month target price to EUR 4 from EUR 4.5.
Q2 like-for-like revenue rose 6.5% to EUR 152 million; AEBITDA increased 2% to EUR 30 million despite expansion costs.
Organic growth of 3.5% missed management expectations, citing delayed advertiser spending and slower budget ramp-ups from existing customers.
Gross margin improved to 40% from 33%; First Berlin said Q3 trading has improved, while full-year 2026 guidance stayed unchanged.
Forecasts shifted toward the low end of the EUR 680 million to EUR 730 million revenue range; target implies 269% upside.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Verve Group Media SE published the original content used to generate this news brief via EQS News (Ref. ID: rc_26662) on August 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Berlin reiterates Buy on Verve Group, cuts price target to EUR 4

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