Wirecard: Almost 100 Euros upside potential!

Wirecard: Almost 100 Euros upside potential!


After the half-year results and the slight increase in forecasts in the previous week, the analysts confirmed their predominantly positive assessments of the Wirecard share. The experts from Hauck &Aufhäuser and Baader Bank are particularly optimistic. On Monday, however, the stock takes the other direction.

Even though investors have been reluctant to react: Hauck &Aufhäuser analyst Robin Brass sticks to his bullish assessment of the Wirecard share. The payment processor has a run. The strong figures for the second quarter underpinned that. Thanks to new customers and growth in existing customers, a growth rate of around 30 percent was within reach.

His “Buy” rating for the stock with a price target of 240 euros has Brass confirmed. He signals about 69 percent upside potential and is one of the largest Wirecard bulls among the 30 analysts who, according to Bloomberg, cover the stock. Only Alexandre Faure of Exane BNP Paribas trusts her with a fair value of 265 euros even more.

Hardly less optimistic than Brass is Knut Woller from Baader Bank with a price target of 230 euros (“Buy”). The margin development momentum was significantly better on an adjusted basis than the second-quarter figures indicated, the analyst said in a Friday study. Organic growth is also proceeding vigorously.

Growth on its own
Wirecard had once again posted strong growth in sales, EBITDA and transaction volume on Wednesday for the first half of 2019. Remarkable: Most of the growth has been achieved on its own, and acquisitions have scarcely played a role anymore – a path that CEO Markus Braun wants to continue in the future.

It depends on these chart brands
For investors, Wirecard has not been able to score with the numbers and the slight increase in the forecast so far. Even the purchase recommendations of the analysts remain unheard. Instead, at the beginning of the week, the price is again approaching the important horizontal support of around 140 euros.

This represents the lower limit of the sideways trend that has been in place since the beginning of June. In the event of an outbreak, the chart image threatens to turn gray – especially as the 200-day line would then come into focus again at EUR 136.80. Apart from short-term outliers, support has recently proven to be reliable.

On the top, however, remain the resistance at 155 euros and the interim high of 162.30 euros, the next targets. In the medium term, the SHAREHOLDER of the Wirecard share still trusts to return to the all-time highs range of € 199 and beyond.