Technoprobe's fair value estimate has been nudged up from €41.88 to €42.80, with analyst price targets clustered between €40 and €50. J.P. Morgan rates the stock with a €45 target, citing Technoprobe's position as a market leader in Vertical MEMS probe cards for wafer testing, while Goldman Sachs points to an estimated roughly 60% market share in advanced Logic probe cards behind its €40 target. Deutsche Bank has lifted its price target over time from €42 to €45 and more recently to €50, reflecting confidence in the company's execution and capacity expansion plans, and BNP Paribas, Goldman Sachs and J.P. Morgan all initiated coverage with positive ratings. The model's euro revenue growth assumption rose from 44.30% to 45.13%, the euro net profit margin assumption slipped from 35.96% to 35.55%, the future P/E moved from 48.7x to 49.6x and the discount rate edged from 14.58% to 14.65%. The company plans to lift capacity to a €1.6b annualized revenue run rate, supported by about €350m of CapEx, vertical integration and new facilities across Italy and Asia.
Yulon Finance Corp
BNP Paribas SA
Deutsche Bank Aktiengesellschaft
Goldman Sachs Group IncTechnoprobe S.p.A.Analysts raised Technoprobe's fair value to €42.80 with price targets €40-€50 and positive initiations, citing market leadership in MEMS probe cards.
JPMorgan Chase & Co