SMC Research Maintains "Speculative Buy" Rating for The NAGA Group

On August 11, 2026, SMC Research confirmed its "Speculative Buy" rating for The NAGA Group AG, with an unchanged price target of EUR 10.00. This represents a 204% upside potential from the closing price of EUR 3.29 on August 10, 2026.

NAGA has shown significant progress towards sustainable growth, with a 47% increase in EBITDA, reaching EUR 4.4 million in the first half of 2026. The company also reported a net profit of EUR 0.9 million, marking its first profitable half-year.

Key factors driving these results include efficiency gains, higher client quality, and the integration of AI-supported solutions. Notably, the development of NAGA One and initiatives like Social Feed 2.0 are expected to further enhance revenue.