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Quirin Privatbank keeps Buy on Reply, sets target price at EUR 170

PUBT·08/03/2026 15:59:34
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Quirin Privatbank keeps Buy on Reply, sets target price at EUR 170
  • Quirin Privatbank reiterated a Buy rating on Reply, keeping its EUR 170 target price in a report dated Aug. 3, 2026.
  • The call followed H1 results showing revenue up 7.4% year over year to EUR 1.31 billion, beating the firm’s forecast by 2.4%.
  • EBITDA margin slipped to 17.8% from 18.3%, with productivity gains offset by higher services costs, regional investment, weaker one-offs.
  • Quirin cited AI projects moving into production as a key growth driver, supporting demand in data, cloud, cybersecurity.
  • No 2026 guidance was issued; management expects sustainable growth, cost discipline, with selective spending and regional weakness flagged as risks.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reply S.p.A. published the original content used to generate this news brief via EQS News (Ref. ID: rc_26380) on August 03, 2026, and is solely responsible for the information contained therein.