NuWays maintains its buy rating on beaconsmind stock with a price target of 15 euros

On February 28, 2024, NuWays confirmed its buy recommendation on the stock of beaconsmind Group, specializing in SaaS software and IT infrastructure systems focused on digital transformation, location-based marketing and WLAN solutions. The new announced price target is 15.00 euros, up from the previous 13.00 euros, suggesting further upside potential not yet reflected in the current target.

beaconsmind recently consolidated its position with the extension of three major contracts, notably in the CloudWiFi Wi-Fi hotspot segment, and extended its collaboration with retirement home operator Vitanas for a project planned for the second quarter 2024, representing a total sales volume of approximately CHF 1 million. In addition, the company extended its contract with the Müller retail chain and acquired Reos GmbH as a new customer for the deployment of an in-house developed VPN network, announced for a total volume of CHF 0.5 million.