NuWays Reiterates Buy on Bittium With EUR 46 Price Target
Bitget2026/10/30 08:00- NuWays reiterated Buy on Bittium with a 12-month price target of EUR 46 in its October 30, 2026 report.
- The firm raised its fiscal 2026 EBIT estimate to EUR 34.7 million from EUR 29.2 million, citing exceptional third-quarter profitability.
- Bittium raised its EBIT guidance to EUR 29-36 million from EUR 26-32 million.
- Third-quarter sales reached EUR 45.8 million, beating consensus by 31%, driven by defense deliveries and Indra license revenue.
- Quarterly EBIT totaled EUR 16.5 million versus consensus of EUR 6.6 million, benefiting from high-margin license income.
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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