Analyst house Inderes upgrades its recommendation for Finnish IT company Digia to Buy from Accumulate and repeats its price target of EUR 6.80 following the company’s third-quarter business review.
The upgrade is justified by the share price decline and a reduced risk level.
Revenue decreased by 1 percent to EUR 49 million, but exceeded expectations of EUR 48 million. International operations grew by 12 percent.
Adjusted EBITA amounted to EUR 5.2 million, versus the expected EUR 4.7 million. The margin rose to 10.6 percent, compared with the forecast of 9.9 percent.
Inderes cuts its earnings forecasts for 2026-2027 by 1-2 percent but raises its estimate for 2028 by 2 percent.
The analyst house considers the stock attractively valued, with an expected P/E ratio of 9 for 2026, and sees continued potential for long-term earnings growth.
