Montega raises Bike24 price target to EUR 5, keeps buy rating

Bitget2026/09/21 16:41

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Montega reiterated a Buy on Bike24, raising its 12-month price target to EUR 5 from EUR 4.5.
The call followed Bike24’s Sept. 16 guidance upgrade for 2026 revenue to EUR 345-360 million from EUR 316-332 million.
Adjusted EBITDA guidance was maintained at EUR 16-20 million, with the expected range narrowed to EUR 16-18 million.
Montega lifted its 2026 revenue estimate to EUR 355 million, cutting adjusted EBITDA to EUR 18 million on weaker margins.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bike24 Holding AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26858) on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Montega raises Bike24 price target to EUR 5, keeps buy rating

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