Sphene Capital Cuts NCTE Price Target to EUR 1.80 From EUR 2.50
Bitget2026/11/02 07:29- Sphene Capital cut its 36-month price target for NCTE to EUR 1.80 from EUR 2.50.
- The research firm maintained its Buy rating in a Nov. 2, 2026, update following a profit warning.
- NCTE lowered its 2026 revenue forecast to EUR 4 million–EUR 4.2 million from EUR 4.4 million–EUR 5.4 million.
- EBITDA guidance fell to negative EUR 1.1 million–negative EUR 900,000 from negative EUR 500,000–positive EUR 100,000.
- Delayed revenue from new orders and nonrenewed contracts prompted the downgrade; Sphene viewed the announced restructuring as necessary to align costs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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