First Berlin Equity Research has published a research update on Verve Group SE (ISIN: SE0018538068). Analyst Ellis Acklin reiterated his BUY rating and maintained his EUR 4.50 price target.

Abstract
Verve has launched targeting capability based on conversational intent signals. To our knowledge, this is an industry-first. The announcement bolsters the argument that Verve is positioning itself on the right side of the AI shift rather than being threatened by it. We reckon the key takeaway is that Verve can now legally access and activate conversational intent data from all major LLM ecosystems and has the technology stack to do so at scale. While management has not yet quantified the revenue uplift potential, the strategic significance is clear: richer data signals should improve campaign performance for customers and over time support stronger monetisation for Verve. Against this backdrop, recent CEO insider buying looks supportive, signalling confidence that the market is still underestimating both the company’s, near-term prospects, data moat and its ability to convert AI-driven change into opportunity. We remain Buy-rated on Verve with an unchanged €4.5 TP (upside: 190%).