NuWays lifts Bittium price target to EUR 46, keeps Buy rating
Bitget2026/09/23 07:01- NuWays reiterated a BUY on Bittium, raised its 12-month target price to EUR 46 from EUR 42.
- Call followed a two-year MoU with Safran Electronics & Defense to develop tactical communications solutions for the French armed forces.
- MoU has no firm order yet; NuWays flagged a high probability of a definitive commercial agreement.
- NuWays lifted medium- and long-term sales estimates, citing stronger momentum in Europe.
- Report noted Sweden placed a first order of about EUR 700,000 for pilot use of Tough SDR radios; Denmark joined the framework agreement.
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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