Litchfield Hills Research raises its buy recommendation for Virtualware to €12 per share
24 Setembro 2024 - 3:05AM
UK Regulatory
Litchfield Hills Research raises its buy recommendation for
Virtualware to €12 per share
New York and Bilbao, Spain, 24
September. - American equity research firm Litchfield
Hills Research has just released its newest analysis of Virtualware
(ENXTPA: MLVIR), in which it raises its Buy recommendation from
€10.00 to €12.00 per share.
The report, bylined by analyst Theodore R.
O'Neill, reaffirms his "Buy" recommendation over the company,
listed on Euronext Paris since April 2023, and highlights its
positive performance during the last year.
Litchfield Hills highlights VIROO by
Virtualware as a global benchmark for multi-user VR application
development.
The €12.00 per share price target is based on a
discounted earnings model, which projects the company's potential
future earnings, and expects comprehensible grow in the next five
years.
Litchfield Hills Research is an independent
global equity research firm that provides quality research for
institutional investors and companies seeking to increase their
visibility with investors. Its reports are distributed on 24
platforms used by institutional investors in the US, EU, and
China.
Theodore O'Neill, CEO of Litchfield Hills
Research, is a two-time Wall Street Journal All-Star Analyst.
Virtualware's current market capitalization is
over 38 million euros and a share price of 8.40 euros per share,
from an initial IPO price of 6.00 euros.
Headquartered in Bilbao (Spain), the corporation
delivers a professional and practical approach to Real-time 3D by
providing companies and institutions with the tools and support
they need to grow, strengthen, and advance in their adoption of
this technology.
The company's diverse client base includes GE
Vernova, Ontario Power Generation, Gestamp, ADIF, the Spanish
Ministry of Defense, Invest WindsorEssex, McMaster University, the
University of El Salvador, EAN University and the Basque
Government.
Its VIROO platform is a ready-to-run XR solution
that grants companies and institutions worldwide easy access to
immersive technology. It covers the entire Product Lifecycle
Management (PLM) cycle, from concept and design to development and
launch, VIROO supports the entire business process.
The robust enterprise XR platform provides
multiple ready-to-use applications for users, as well as tools for
developers to create and distribute their own custom multi-user XR
applications. VIROO ensures the highest levels of security and
privacy, including ISO 270001 certification, scalability, and
performance, integrating all XR needs into a single platform.
For more information on Virtualware's investor
relations, investors can visit:
https://ir.virtualwareco.com/reports/
Investors can download the report at this
link
Safe Harbor
This document is only provided for
information purposes and does not constitute, nor should it be
interpreted as, an offer to sell or exchange or acquire, or an
invitation for offers to buy securities issued by any of the
aforementioned companies. Any decision to buy or invest in
securities in relation to a specific issue must be made solely and
exclusively on the basis of the information set out in the
pertinent prospectus filed by the company in relation to such
specific issue. No one who becomes aware of the information
contained in this report should regard it as definitive, because it
is subject to changes and modifications.
This document contains or may contain
forward looking statements regarding intentions, expectations or
projections of Virtualware 2007, S.A. (“Virtualware” or the
“Company”) or of its management on the date thereof, that refer to
or incorporate various assumptions and projections, including
projections about the future earnings of the business. The
statements contained herein are based on our current projections,
but the actual results may be substantially modified in the future
by various risks and other factors that may cause the results or
final decisions to differ from such intentions, projections or
estimates. These factors include, without limitation, (1) the
market situation, macroeconomic factors, regulatory, political or
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movements, exchange rates and interest rates, (3) competitive
pressures, (4) technological changes, (5) alterations in the
financial situation, creditworthiness or solvency of our customers,
debtors or counterparts. These factors could cause or result in
actual events differing from the information and intentions stated,
projected or forecast in this document or in other past or future
documents. Virtualware does not undertake to publicly revise the
contents of this or any other document, either if the events are
not as described herein, or if such events lead to changes in the
information contained in this document. This disclaimer needs to be
taken into account by those persons which may take a decision over
the base of this document or to elaborate or disseminate opinions
based hereof. This document may contain summarised information or
information that has not been audited. This document is
confidential and it cannot be revealed or disclosed to third
parties different from the original recipients, even partially,
without Virtualware’s prior consent.
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