NuWays reiterates Buy on NanoRepro, sets price target at EUR 4.4

• NuWays reiterated a BUY rating on NanoRepro with a 12-month target price of EUR 4.4.
• Management revenue guidance flagged about EUR 18 million for FY26, implying about 12.5% year-on-year growth.
• Medium-term outlook pointed to about EUR 28 million of revenue in FY28, slightly above NuWays’ prior estimate.
• Long-term target set at EUR 40 million of revenue in FY30, with NuWays citing potential upside from future M&A.
• NuWays lowered its FY26 revenue forecast to EUR 18.1 million, raised FY28 to EUR 28 million, raised FY30 to EUR 37 million.

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