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On Wednesday, Berenberg reaffirmed its Buy rating and EUR24.00 price target on flatexDEGIRO AG (FTKn:GR) (OTC: FNNTF). The endorsement comes as the brokerage firm anticipates a strong performance in the upcoming quarterly results, slated for release on April 28, 2025. Berenberg’s analysis indicates that the recent market volatility has played a significant role in increasing customer trading activity, which is a major source of revenue for flatexDEGIRO.
The brokerage firm highlighted that about two-thirds of flatexDEGIRO’s total revenues are derived from commission income generated by the execution of customer trades. The last two weeks have seen heightened market turmoil, which historically correlates with increased trading activity among customers. Berenberg noted that there is ample anecdotal evidence to support the surge in retail investor engagement during this period.
In a report published on February 13, 2025, titled "A return to the glory days," Berenberg had already expressed a positive outlook on flatexDEGIRO’s shares. The firm’s stance is further reinforced by the expectation of robust first-quarter results, which are anticipated to showcase double-digit growth in both sales and earnings.
Looking ahead, Berenberg believes that flatexDEGIRO is poised for an upward revision in its full-year guidance within the coming months. This optimism is based on the company’s performance trends and the favorable trading environment created by the recent market volatility. The firm’s analysis suggests that flatexDEGIRO is well-positioned to capitalize on these conditions and deliver strong financial outcomes for the quarter and beyond.
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