Deutsche Bank ups Technoprobe on 'game changing' HBM-related potential; shares rise

Technoprobe

03/06/2025 09:14

** Deutsche Bank ups Italy's Technoprobe TPRO.MI to "buy" from "hold" as it says the strong high bandwidth memory (HBM) supply chain pressure applied by Nvidia NVDA.O has "game-changing" potential

** Technoprobe shares rise as much as 7.6%

** Group "to be qualified at all the three major HBM players by year-end", DB says

** Technoprobe's HBM-related sales as result to reach around 250 million euros ($285.35 million) in 2028, DB adds

** This would be "game-changing" for the probe card manufacturer that made 543 million euros in 2024 total sales, DB notes

** Out of 7 analysts that cover Technoprobe, four rate the stock "strong buy" or "buy", ​three rate "hold"

($1 = 0.8761 euros)

 (Reporting by Philippe Leroy Beaulieu)

 ((Philippe.leroybeaulieu@thomsonreuters.com))