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21.02.2025 16:50:03
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EQS-News: swissnet Group: Quirin increases price target to EUR 20.00 and continues to rate shares as “Buy”
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EQS-News: Swissnet AG
/ Key word(s): Miscellaneous
swissnet Group: Quirin increases price target to EUR 20.00 and continues to rate shares as “Buy” Berg, Switzerland – 21 February 2025 – Research house Quirin has released updated research report on its rating of Swissnet Group (ISIN: CH0451123589 - Ticker: 81D GY). The rating of the swissnet share remains "Buy" with a price target of EUR 20.00 (increased from EUR 19.40). The closing price of the swissnet share (Xetra) was EUR 7.05 on February 20, 2025. With the current price target, Quirin sees considerable upside potential of around 184 percent. The updated research report now reflects the recent customer wins of swissnet Group and they emphasize swissnet’s 40% strong organic revenue growth in 2025 driven by synergies and upselling. Additionally, Quirin highlights that the recurring revenues now account for 75% of total sales, providing stability, while the strong maintenance business supports infrastructure growth. The current report on Swissnet Group is available for download on the corporate website of swissnet http://www.swissnet.ag in the "Investor Relations" section.
About swissnet Group The Swissnet Group is a leading provider of location-based marketing software (LBM), Wi-Fi infrastructure systems and Wi-Fi guest hotspots. The group serves customers in the retail, hospitality, healthcare and public sectors, among others. The subsidiaries under the Swissnet group umbrella are known for their outstanding expertise in digital transformation and Software as a Service. With intelligent and fully cloud-based technologies, the swissnet Group offers its customers tangible added value and success by improving their omnichannel strategies. The company is listed on the Frankfurt Stock Exchange and traded in the XETRA segment. For more information, please visit http://www.swissnet.ag.
21.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Swissnet AG |
| Seestrasse 3 | |
| 8712 Stäfa | |
| Switzerland | |
| Internet: | http://www.swissnet.ag/ |
| ISIN: | CH0451123589 |
| WKN: | A2QN5W |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt (Scale), Munich, Stuttgart; Paris |
| EQS News ID: | 2089961 |
| End of News | EQS News Service |
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2089961 21.02.2025 CET/CEST