Hauck & Aufhäuser starts coverage of GFT with buy recommendation and target price of €44

Stuttgart, May 30, 2023 - Hauck & Aufhäuser Investmentbanking has initiated coverage of GFT Technologies SE. The analysts recommend buying the shares of the digital transformation expert. The price target is €44.00. Based on the Xetra closing price on May 25, 2023, this means a price potential of almost 60%.

The introductory study by equity analyst Nicole Winkler, "IT heart surgery for banks" describes the attractive opportunities arising for the IT specialist GFT. Growth is being driven largely by the high pressure for digitalisation in the financial sector.

"Our clients - not just those in the banking sector - are in the midst of a phase of fundamental digital transformation,” says Marika Lulay, CEO of GFT. "We are known in the market as a competent partner for shaping this transformation, and this makes us perfectly positioned for above-average growth."

Institutional investors can obtain the report from Hauck & Aufhäuser. In addition to Hauck & Aufhäuser, Berenberg, M.M. Warburg, Kepler Cheuvreux, Pareto Securities and Quirin Bank also rate GFT Technologies SE as part of their coverage.

An overview of the analysts' ratings and further information on the GFT share can be found here.