First Berlin Equity Research Cuts Cabka Price Target to EUR 3.30 From EUR 3.40

• First Berlin Equity Research cut Cabka’s 12-month price target to EUR 3.3 from EUR 3.4 on October 21, 2026.
• Analyst Ellis Acklin maintained a Buy rating, with the revised target implying 62% upside.
• The target reduction reflects a discounted cash flow model adjustment for higher German 10-year bond yields.
• Third-quarter revenue was broadly flat at EUR 42.3 million; nine-month revenue rose 4.3% to EUR 137.8 million.
• Management reaffirmed 2026 revenue growth and higher EBITDA margin guidance; First Berlin forecasts revenue of EUR 188 million.

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. Cabka NV published the original content used to generate this news brief via EQS News (Ref. ID: rc_27140) on October 21, 2026, and is solely responsible for the information contained therein.