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Investing.com - Deutsche Bank has raised its price target on PVA TePla AG (ETR:TPE) (OTC:SRUXF) to EUR30.00 from EUR26.00 while maintaining a Buy rating on the stock.
The German semiconductor equipment manufacturer’s shares have climbed more than 50% since May, significantly outperforming both the MDAX and STOXX Europe Small 200 indices, which gained approximately 3% each during the same period.
Deutsche Bank noted that investors appear to be looking past PVA TePla’s temporary margin decline in 2025, instead focusing on the company’s long-term growth potential and strategic investments in research and development, service, and sales.
The higher operational expenses planned for 2025 are viewed positively by Deutsche Bank as supporting the company’s growth strategy, enabling improved service levels and positioning PVA TePla to secure large metrology orders.
Despite a recent earnings miss, PVA TePla’s stock has continued to rise, bolstered by strong order intake in the second quarter, suggesting market confidence in the company’s long-term trajectory despite near-term margin pressure.
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