Sphene Capital starts NCTE coverage with Buy, sets EUR 2.5 price target

• Sphene Capital initiated coverage of NCTE with a Buy rating, citing a turnaround setup and improving momentum.
• Set a EUR 2.5 price target on a 36-month view, based on a three-stage DCF model.
• Monte Carlo analysis implied an equity value range of EUR 2.15 to EUR 2.9 per share.
• Peer multiples cross-check pointed to an EV/EBITDA-based target of EUR 3 per share, using median 2028e estimates.
• Analyst Peter Thilo Hasler highlighted NCTE’s magnetostrictive sensor technology, backed by more than 20 patent families.

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. NCTE AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26152) on July 13, 2026, and is solely responsible for the information contained therein.