NuWays Reiterates Buy on Tonies With EUR 18.50 Price Target
Bitget2026/10/21 07:01- NuWays reiterated its Buy rating on Tonies on October 21, 2026, with an unchanged 12-month price target of EUR 18.50.
- The firm forecasts third-quarter sales of EUR 174 million, up 20% year over year, driven by figurines.
- Full-year sales are projected at EUR 793 million, exceeding guidance of more than EUR 760 million.
- NuWays views the 9%-11% adjusted EBITDA margin target as achievable, with fourth-quarter profitability supported by high-margin figurine sales.
- Inventory reductions should support positive annual free cash flow.
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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