SMC Research upgrades NAGA to “Speculative BUY” with significant upside potential on back of imminent merger with

13.03.2024 / 22:00

SMC Research upgrades NAGA to “Speculative BUY” with significant upside potential on back of imminent merger with

  • SMC Research sets price target of EUR 1.40 per share
  • merger expected to create significant cost and product synergies

Hamburg, March 13th, 2024 – The analysts of SMC Research recommend in their latest research report on The NAGA GROUP (XETRA: N4G, ISIN: DE000A161NR7), provider of the All-in-One Financial Super App, NAGA, a “Speculative BUY” (previously “HOLD”) with a Price Target of EUR 1.40, representing an upside potential of around 115% based on a share price of EUR 0.65 as of the date of the research publication. 

The Price Target implies a fully diluted market cap of EUR 318 million after the close of the contemplated merger with The merger is expected to close in Q2 2024, subject to shareholder approval at the upcoming EGM on 12 April 2024, as well as regulatory approval. 

The SMC Research report can be found here.

Sign up for newsletter 📨
Press contact
Andreas Luecke
The NAGA Group AG
Download PDF
Also available in German
Share the article:
Never miss an update!
Subscribe to our investor newsletter

The content of our pages has been created with the utmost care. However, we cannot guarantee the content’s accuracy, completeness or topicality. According to statutory provisions, we are furthermore responsible for our own content on these web pages. In this context, please note that we are accordingly not obliged to monitor merely the transmitted or saved information of third parties, or investigate circumstances pointing to illegal activity. Our obligations to remove or block the use of information under generally applicable laws remain unaffected by this as per 8 to 10 of the Telemedia Act (TMG).

Responsibility for the content of external links (to web pages of third parties) lies solely with the operators of the linked pages. No violations were evident to us at the time of linking. Should any legal infringement become known to us, we will remove the respective link immediately.

Our web pages and their content are subject to German copyright law. Unless expressly permitted by law (§ 44a et seq. of the copyright law), every form of utilizing, reproducing or processing works subject to copyright protection on our web pages requires the prior consent of the respective owner of the rights. Individual reproductions of a work are allowed only for private use, so must not serve either directly or indirectly for earnings. Unauthorized utilization of copyrighted works is punishable (§ 106 of the copyright law).