The NAGA Group Confirms "BUY" Recommendation with Significant Upside Potential

The latest research update from SMC maintains The NAGA Group AG's "BUY" rating, with the price target adjusted to EUR 1.60 from EUR 1.70. Despite this reduction, the stock promises an impressive upside potential of 130%, based on the closing price of EUR 0.70 as of 27 May 2025. NAGA's revitalized growth trajectory in Q1 2025, following the cessation of non-profitable ventures, is a key highlight. Increased marketing investments are identified as strategic, anticipated to bolster future growth. Additional benefits are expected from optimizations and economies of scale, aided by the international expansion following the merger with CAPEX.com.