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Coverage

Coverage

The EQUITA stock is covered by Intesa Sanpaolo (previously UBI Banca) and Kepler Cheuvreux. Find below the latest equity reports published by sell-side analysts.

Intesa Sanpaolo

Ricerca Intesa EQUITA Group
Ricerca Intesa EQUITA Group
Strategic Partnership with ICCREA Acquiring a 15% Stake

"EQUITA reported solid 4Q/FY25 results, with net profit of EUR 5.6M in 4Q25, above expectations, supported by net revenues of EUR 29M (+22% yoy) and double-digit growth across all divisions. FY25 net revenues reached EUR 111.7M, driven by Global Markets (+43% yoy), Investment Banking (+41%), and AAM (+29%). Higher personnel costs (+29% yoy in 4Q) weighed on operating expenses, but did not offset the strong revenue momentum. The proposed EUR 0.40 DPS (+14% yoy) implies a ~7.3% yield and an 85% payout ratio."

"Management announced a strategic partnership with BCC ICCREA Group, which will acquire a 15% stake through a EUR 20M capital increase and the purchase of 5.1M shares from manager-shareholders, supporting future growth initiatives. Management also highlighted a positive start to 2026, expecting 1Q26 revenues and net profit to exceed the historical first quarter average since IPO (EUR 17.3M and EUR 3.4M respectively)."

Last update

21 November 2025

Target price

€5.8 (unchanged)

Recommendation

Hold

Analyst

Davide Rimini

Kepler Cheuvreux

Ricerca Kepler EQUITA Group
Ricerca Kepler EQUITA Group
Q4 results: record year and a new anchor shareholder

"EQUITA delivered a material Q4 beat, closing the best year since IPO well above expectations. Q4 revenues came in at EUR29.0m (+22% YOY), c.17% above our estimate, while net profit reached EUR5.6m (+37% YOY), c.60% ahead of forecasts. The upside was broad-based across Investment Banking and AAM, with Global Markets supported by strong client activity despite a normalised contribution from Directional Trading."

"EQUITA announced a strategic partnership with Iccrea Banca, which will acquire a c.15% minority stake through a EUR20m reserved capital increase and a secondary share purchase. The agreement combines a long-term commercial cooperation across Investment Banking, Global Markets and Alternative Asset Management."

Last update

13 March 2026

Target price

€6.0 (unchanged)

Recommendation

Hold

Analyst

Tommaso Nieddu

Previous sell-side reports

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