Citi ups FlatexDEGIRO, expects shares to keep rallying

flatexDEGIRO SE

25/07/2025 08:36

** Citigroup upgrades FlatexDEGIRO FTKn.DE to "buy" from "neutral," saying that despite the strong share run this year investors should expect even more from the online broker

** The brokerage lists the crypto roll out outside of Germany, securities lending and the third-party deposits business as the main catalysts for the German firm

** "Our FY 2025 net income estimate is 15% above consensus, while we are 20-25% above consensus for outer years" - CITI

** Shares are up 4% today, having gained 80% YTD

** Out of 11 analysts covering the stock, seven rate it "buy" or "strong buy" and four rate it "hold"

 (Reporting by Paolo Laudani)

 ((Paolo.laudani@thomsonreuters.com))