JPM upgrades InPost on 'attractive' growth, returns

InPost SA

26/06/2025 07:19

** J.P.Morgan upgrades parcel locker company InPost INPST.AS to "overweight" from "neutral", citing opportunity for "attractive" growth and returns

** Analysts underline the acceleration of InPost's "disruptor" model internationally, and increasing diversification of its exposure outside of Poland

** "We forecast attractive growth (EBIT CAGR between 2025 and 2028 at 16%) and returns out to 2028 (at 16%), despite modest e-commerce parcel market growth, as InPost gains market share from higher-cost incumbents across Europe" - JPM

** The broker, however, lowers its EBIT estimates by 14% on average for 2025-28; cuts its PT on the stock by 14% to 16 euros

** On Wednesday the stock closed at 13.85 euro; it is down 16% YTD

** Out of 16 analysts that cover the firm, 15 rate the stock "strong buy" or "buy,"​ and one rates it "sell" - LSEG data

 (Reporting by Mateusz Rabiega)

 ((Mateusz.rabiega@thomsonreuters.com;))