Stifel confirms its 'buy' opinion on SES-imagotag shares, with a price target raised from €160 to €175.

According to the analyst firm, the share price decline of the past week offers an excellent entry point.

Stifel believes that SES-imagotag represents a unique growth story, with +80% EBITDA in 2022 and 2023, and an average annual growth rate of 50% for the period 2022-27.

SES-imagotag is the world leader in its industry, with a very solid 50% market share, a comfortable technological lead and innovation capabilities that will make it difficult for competitors to keep pace", the analyst points out.

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