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Investing.com - Deutsche Bank lowered its price target on Swissquote Group Holding SA (SIX:SQN) to CHF610.00 from CHF620.00 while maintaining a Buy rating on the Swiss digital wealth platform.
The adjustment follows Swissquote’s first-half performance, which showed 13% year-over-year revenue growth and exceeded consensus expectations by 4%, driven by strong net new money inflows and double-digit account growth.
Deutsche Bank’s revision reflects a more conservative outlook for net eForex income in 2026 and a more cautious stance on cryptocurrency income, prompting the firm to trim its 2026 earnings per share estimates.
Despite the slight price target reduction, Deutsche Bank highlighted Swissquote’s position as Switzerland’s leading digital wealth platform that bridges the gap between neobrokers and private banks by serving mass-affluent, self-directed clients.
The bank noted that Swissquote management has upgraded its full-year guidance, demonstrating confidence in the company’s growth trajectory, while emphasizing that its diversified revenue streams across fees, interest income, and crypto provide resilience alongside its scalable in-house technology platform.
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