BUZZ-Berenberg initiates Exail with 'buy' calling it an 'underwater treasure'

Reuters

Jul 10, 2025

BUZZ-Berenberg initiates Exail with 'buy' calling it an 'underwater treasure'

** 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))

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href=\"https://laohu8.com/S/CAGR\">$(CAGR)$</a> for 2024-28E and sees adjusted EBITDA margins, a measure of profitability, exceeding 25% by 2027</p><p>($1 = 0.8522 euros)</p><p>(Reporting by Anna Peverieri)</p><p>((Anna.peverieri@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Berenberg initiates Exail with 'buy' calling it an 'underwater treasure'</title>\n<style 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13:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Berenberg initiates Exail with 'buy' calling it an 'underwater treasure'</title></head><body><p>** Berenberg starts French robotics firm <a href=\"https://laohu8.com/S/EXALF\">Exail Technologies</a> <span>EXA.PA</span> with a \"buy\" rating and a <span>target price </span>of 125 euros ($146.69), viewing it as an \"underwater treasure\" in maritime robotics</p><p>** The brokerage says Exail is set to benefit from rising defence budgets and a high-growth autonomous robotics market, estimating its total addressable market at EUR 8 bln</p><p>** It notes that Exail's position <span>got </span>strengthened by the 2022 acquisition of iXBlue, creating a vertically integrated firm with a tender success rate of over 90% for large drone systems</p><p>** <span>Berenberg </span>considers Exail's valuation \"benign\" and <span>expects </span>\"major order win announcements to be the main share price catalysts\" for the stock</p><p>** <span>The brokerage </span>forecasts an 18% sales compound annual growth rate <a href=\"https://laohu8.com/S/CAGR\">$(CAGR)$</a> for 2024-28E and sees adjusted EBITDA margins, a measure of profitability, exceeding 25% by 2027</p><p>($1 = 0.8522 euros)</p><p>(Reporting by Anna Peverieri)</p><p>((Anna.peverieri@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6506","symbol_name":"制药与医学研究概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250710:nL8N3T703W:1","article_id":"2550169784","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550169784","pubTimestamp":1752126192,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking 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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))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}