Swissnet Group: Quirin Raises Price Target Amid Strong Performance

Swissnet Group's shares have received new attention as research house Quirin increased its price target from EUR 21.00 to EUR 23.50. Meanwhile, First Berlin has maintained its target price at EUR 19.00, and Nuways at EUR 20.00, with all three firms maintaining a “Buy” recommendation for the shares.

The updated valuation comes in the wake of Swissnet's impressive H1 2025 performance. Revenues nearly doubled year-on-year to CHF 11.3 million, with recurring revenues accounting for 77% of the total. The company also reported a doubled adjusted EBITDA to CHF 2.3 million, reflecting a 20% margin. This growth underscores the success of Swissnet’s SaaS-driven model and their international expansion efforts.

Swissnet's strategic focuses include their MENA and APAC regional expansions, which have secured significant contracts and allowed for increased integration and cross-selling opportunities within their subsidiaries.