Montega reiterates buy on Smartbroker, sets EUR 17 price target
Reuters2026/09/11 14:20- Montega reiterated its buy rating on Smartbroker Holding AG, setting a 12-month price target of EUR 17.
- H1 2026 revenue rose 9.6% to EUR 35.4 million; EBITDA increased to EUR 2.2 million from EUR 0.1 million.
- Brokerage activity accelerated, with 4,700,000 trades, up 60%; media EBITDA margin held at 26.4%.
- Customer acquisition lagged, with 31,000 gross new clients; marketing overhaul flagged as critical for a Q4 reset.
- Focus shifts to a 2027 retirement savings account launch; Montega cited aggressive pricing as a potential catalyst.
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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