Citi raises Technogym to 'buy' on growth recovery prospects

Technogym

05/11/2026 09:23

** Citigroup upgrades Italy's Technogym TGYM.MI to "buy" from "hold," arguing that the slowdown in sales growth seen in Q3 likely marked the low point of the cycle
​** The broker says resilient demand for fitness products, easing cost pressures and improving profitability should support a stronger future performance
** It also sees significant long-term growth potential from Technogym's push into the US market and global demand trends
** "Our analysis of input costs, end-market demand and brand momentum supports a return to a more growth-focused narrative through 2027," it adds
** Out of 12 analysts that cover Technogym, 8 rate the stock "strong buy" or "buy," and ​4 rate "hold", per LSEG data

 (Reporting by Mirko Miorelli)
 ((Mirko.Miorelli@thomsonreuters.com))