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 4.80 price target.

Abstract
We attended Verve’s Capital Markets Day in Stockholm. Management addressed the platform unification hot-topic and the impact on business performance in depth. Verve also kept the lens focused on the future, highlighting the current M&A posture and efforts to beef up the sales force. The company also hosted a key note speaker to share expert insights into the role of AI in digital advertising going forward. The event solidified our view that Verve is well positioned in the evolving ad market, despite the painful Q2 setbacks. Operational growth rarely follows a straight line, and Verve will continue to strain to balance current performance with initiatives that pave the way for long-term adland success. We remain Buy-rated on Verve with a €4.8 target price (upside: 113%).