Media and Games Invest SE Maintains Strong BUY Rating from First Berlin Equity Research

First Berlin Equity Research has once again endorsed Media and Games Invest SE (MGI), reiterating a BUY recommendation and a stable price target of €3.60. This optimistic outlook follows MGI's announcement of a record sales performance in February, showcasing a 25% year-on-year organic sales growth (OSG). This significant increase succeeded a 16% rise in OSG in the fourth quarter and an 18% uplift in January.

The factors contributing to this robust growth include increased advertising budgets from clients, the acquisition of new customers, and a growing demand for MGI's AI-driven contextual data solutions. These dynamics are deemed crucial as targeting identifiers become increasingly obsolete. The company's performance is particularly noteworthy against the backdrop of a mere 1% OSG from January to September in the previous year. Highlighted by analyst Ellis Acklin, these developments affirm confidence in MGI's growth trajectory and market position.