Montega Cuts Cherry Price Target to EUR 1.10 From EUR 1.40
Bitget2026/10/26 16:22- Montega maintained its Hold rating on Cherry on Oct. 26, 2026, cutting its 12-month target to EUR 1.1 from EUR 1.4.
- Third-quarter revenue fell 23.5% to EUR 18.9 million as distributor inventory reductions weighed more heavily than expected.
- Quarterly adjusted EBITDA deteriorated to a EUR 2.9 million loss from a EUR 1.7 million loss a year earlier.
- The firm now forecasts 2026 revenue of EUR 81.4 million, with an adjusted EBITDA loss of EUR 8.9 million.
- Montega sees the pending Digital Health & Solutions sale as a key determinant of the business outlook.
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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