Ad pepper media International N.V. Receives Buy Recommendation

First Berlin Equity Research GmbH has issued a research update on ad pepper media International N.V., maintaining their "Buy" recommendation. The target price is set at 5.00 euros with a 12-month outlook. Dr. Karsten von Blumenthal conducted the analysis, noting significant growth due to recent acquisitions.

The company's stock has doubled over the past year, driven by acquisitions of solute and Checkout Charlie. These moves have fortified its Ad-Tech focus, particularly through solute's price comparison portal, offering synergies with the Webgains affiliate network. The second-quarter report showed a 61% increase in EBITDA to 0.8 million euros, thanks to solute's contribution since consolidation on May 1st.

The integration of Checkout Charlie is anticipated to further boost growth from October. Management forecasts significant increases in revenue and EBITDA compared to the previous year, underpinning the renewed Buy recommendation.