Bryan Garnier - Materialise ADS (MTLS) MATERIALISE: Turnaround coming faster than planned | BUY | USD45 VS. USD43 (+46%)

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Bryan Garnier

Gregory Ramirez

MATERIALISE: Turnaround coming faster than planned | BUY | USD45 VS. USD43 (+46%)

MATERIALISE - BUY | USD45 VS. USD43 (+46%)
Turnaround coming faster than planned

We reiterate our Buy rating and have raised our target price to USD45
Q1 results were way above expectations
Upbeat Q2 revenue guidance more than encouraging for 2021

30/04/2021 4 EN

Underlying

Materialise ADS

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US57667T1007 NASDAQ Stock Market Belgium

Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

See profile

Analysts

Gregory Ramirez

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MATERIALISE: Turnaround coming faster than planned | BUY | USD45 VS. USD43 (+46%)

Materialise Model update after FY23 results

Morning Notes : ARCAD NA, BESI NA, KIN BB, NEXTA BB, MTLS US, TINC BB, VGP BB, BTLS BB

End of coverage

Waga Energy: another commissioning in France

On the shelves now: Consumer Weekly #25

L'Oréal reports encouraging Q1 2024 sales figures

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