Shares in Technoprobe rise after raising 2026 sales outlook
BUZZ-Shares in Technoprobe rise after raising 2026 sales outlook ** Shares in Italy's Technoprobe TPRO.MI rise around 2% after semiconductor testing company raised on Wednesday its 2026 outlook for sales and core profit (EBITDA) margin
** The tech firm now sees its 2026 sales in the range €1.05-1.10 billion ($1.21-1.27 billion) from previous guidance of €950 million-1.05 billion and EBITDA margin of 46-48%, from a guided 44-46%
** Deutsche Bank (DB) confirms its "buy" rating and raises its price target by 11% to €50 ($57.7) due to the stronger sales outlook, rising demand and a surge in second-quarter sales, alongside an upbeat forecast for the third quarter
** The broker adds that despite the upgrade, the new guidance still appears "slightly cautious" considering the implied margin for the fourth quarter is seen dropping
** EQUITA also slightly raises its TP following the upgrade, to €40 from €39, calling it a "must have for exposure to AI"
** Shares rose as much 6.6% at market open
** Including Thursday's rise the stock has more than doubled in value YTD, up 141%
($1 = 0.8663 euros)
(Reporting by Romolo Tosiani)
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