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On Thursday, Morgan Stanley (NYSE:MS) adjusted its stance on flatexDEGIRO AG (FTKn:GR) (OTC:FNNTF), downgrading the online brokerage’s stock rating from Overweight to Equal-weight. The firm also increased the price target to EUR27.00, up from the previous EUR22.50.
Morgan Stanley’s revision follows a detailed analysis of the company’s earnings projections for the years 2025 to 2027. The firm’s analysts predict that while flatexDEGIRO is likely to benefit in the short term from heightened transactional activity, the company is also expected to experience solid core growth. This growth is anticipated to gain momentum as the company introduces new products and expands its geographical presence in the medium term.
Despite the positive outlook for the company’s operations, Morgan Stanley suggests that the current valuation of flatexDEGIRO’s shares already reflects much of its growth potential. Consequently, the analysts believe there is limited room for the stock price to rise further, prompting the decision to adjust the rating to Equal-weight.
The price target adjustment to EUR27.00 represents a shift in Morgan Stanley’s expectations regarding the stock’s future performance. The new target is set above the previous one, indicating an acknowledgement of the company’s potential to grow and succeed in the coming years.
Morgan Stanley’s analysis and subsequent rating change come as investors continue to monitor the performance of online brokerage firms, which have seen varying levels of transactional activity and growth in recent times. The new rating and price target by Morgan Stanley provide a fresh perspective on flatexDEGIRO’s market position and future prospects.
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