HAMBURG (dpa-AFX) - The private bank Berenberg has raised its target price for Ionos from 22 to 28 euros and left its rating at "Buy". In a study published on Thursday, analyst Usman Ghazi raised his earnings estimates for the webhosting subsidiary of United Internet by more than 20 percent. He referred to the debt refinancing of Ionos and the outlook published in December. According to him, the margin targets still have room for improvement. Despite the share price rally, Ionos is still wrongly valued if one considers sales increases in the double-digit percentage range per year and Ionos as an early beneficiary of the artificial intelligence (AI) megatrend, according to the expert./ajx/gl

Publication of the original study: 17.01.2024 / 17:37 / GMT First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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