First Berlin Equity Research on 07/10/2025 initiated coverage on Planethic Group AG (ISIN: DE000A3E5ED2/ Bloomberg: VEZ GR). Analyst Ellis Acklin placed a BUY rating on the stock, with a EUR 26.00 price target.

Abstract
We start coverage of Planethic Group AG with a Buy rating and €26 TP (upside: 108%). The company is in the midst of a strategic pivot into BevTech and plans to exploit its 2D-printing technology to produce flat-packaged beverages. Currently, Planethic is looking to scale production of ambient oat milk under the Mililk brand and has a deal in place with a formidable US partner that already distributes to large food service and coffee shop chains. If it can scale, we think Planethic has an excellent opportunity to win market share in the enormous US non-dairy milk category by capitalising on attractive pricing and sustainability features.