NuWays lifts ZEAL Network price target to EUR 83, keeps buy rating

PUBT · 2d ago
NuWays lifts ZEAL Network price target to EUR 83, keeps buy rating
  • NuWays reiterated a BUY on ZEAL Network, raising its 12-month target price to EUR 83 from EUR 80.
  • Report flagged a stronger jackpot backdrop, citing Q2 Eurojackpot stakes up about 3% year on year.
  • NuWays estimated billings growth of 24% year on year in Q2, translating into sales up 30% and EBITDA up 27%.
  • Analyst highlighted the planned SevenCanyon acquisition, priced up to about EUR 45 million and funded with a new EUR 40 million term loan.
  • NuWays forecast SevenCanyon at about EUR 30 million sales and EUR 8 million EBITDA in 2027, calling the deal EPS accretive.


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