** Berenberg starts French robotics firm Exail Technologies EXA.PA with a "buy" rating and a target price of 125 euros ($146.69), viewing it as an "underwater treasure" in maritime robotics
** The brokerage says Exail is set to benefit from rising defence budgets and a high-growth autonomous robotics market, estimating its total addressable market at EUR 8 bln
** It notes that Exail's position got strengthened by the 2022 acquisition of iXBlue, creating a vertically integrated firm with a tender success rate of over 90% for large drone systems
** Berenberg considers Exail's valuation "benign" and expects "major order win announcements to be the main share price catalysts" for the stock
** The brokerage forecasts an 18% sales compound annual growth rate $(CAGR)$ for 2024-28E and sees adjusted EBITDA margins, a measure of profitability, exceeding 25% by 2027
($1 = 0.8522 euros)
(Reporting by Anna Peverieri)
((Anna.peverieri@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。