BUY RECOMMENDATIONS and strong figures! Zalando, IONOS, TeamViewer, and naoo

naoo: Multiplier potential for your portfolio

The environment could hardly be more favorable for a new social media platform in Europe. Governments and citizens alike are seeking greater independence from the US. The new version of the mobile naoo app was launched at the beginning of June. In addition to an improved user experience thanks to faster loading times, the new messaging function is designed to enhance user interaction. The update is also intended to lay the technological foundation for scaling into international markets.

naoo AG is based in Switzerland and currently targets German-speaking countries. The stock is currently only listed on the Düsseldorf Stock Exchange and is therefore still something of an insider tip. Its market capitalization is currently less than EUR 40 million. This is significantly too low, according to the GBC Research study. Analysts believe the naoo share could reach a price of EUR 28.48. The security is currently trading at just over EUR 8. There is, therefore, still considerable potential for returns.

The reason for the analysts' optimism: They expect naoo to increase its revenue from CHF 9.2 million in the current year to over CHF 100 million by 2028. The Company is currently in the user acquisition phase. While around 35,000 monthly active users are forecast for 2025, this figure is expected to rise to 4.36 million by the end of 2028. With the increasing number of users, revenue and earnings are expected to rise significantly from 2027 onwards through the digital advertising business. Corporations such as Nestlé, BMW, and Migros are already among its advertising customers.

With the acquisition of Kingfluencers, naoo has added another key piece to the puzzle for a prosperous future. The Swiss influencer agency complements naoo's platform business with a high-margin business model and an established customer base. This strategic move is expected to generate additional revenue and create synergy effects.

IONOS: Strong figures for a new all-time high?

IONOS is considered one of the big winners of the plans to make Germany, and Europe as a whole, more independent from the US in areas like internet infrastructure and artificial intelligence. The IONOS share has already anticipated some of this fantasy and has risen by around 75% since March.

This makes it all the more important for the technology company to gradually demonstrate its potential to grow into a valuation of almost EUR 6 billion. In any case, the latest business figures were well received.

The significant growth is not yet visible, but the trend is clearly positive. In the first half of 2025, IONOS increased its revenue by 19.1% to EUR 895.0 million. Adjusted EBITDA rose by 23.3% to EUR 268.7 million.

The forecast has also been specified. In its core business (Digital Solutions & Cloud segment), the Company aims to increase the EUR 1.248 billion generated in 2024 by 8% in the current year. In the AdTech segment, the Company anticipates revenue to increase from EUR 312.2 million to around EUR 400 million in 2025. The forecast for consolidated EBITDA (adjusted) was raised slightly. Instead of EUR 520 million, IONOS now aims to achieve around EUR 530 million in the current year (2024: EUR 452.2 million).

Analysts were satisfied with the figures. Deutsche Bank and JPMorgan raised their price targets slightly. While the US bank sees the fair value of IONOS shares at EUR 45, Deutsche Bank even believes the stock is worth EUR 47. The share is currently trading at just under EUR 42.

Zalando & TeamViewer: Chance of a return of almost 100%?

In contrast, Zalando's quarterly figures were less well received. The share lost over 10% of its value and is currently trading at EUR 22.81.

Although the majority of analysts continue to recommend buying shares in Germany's largest e-commerce company, some price targets have been lowered. RBC was disappointed by the gross merchandise volume and reduced its price target from EUR 45 to EUR 40. Goldman Sachs' comments were somewhat reassuring for Zalando shareholders. The analysts rated the figures as solid. The outlook was also viewed positively. Nevertheless, the analysts reduced their target price for Zalando shares from EUR 47 to EUR 43.

TeamViewer shareholders have had little to cheer about this year. After sprinting from EUR 9 to EUR 13 at the start of the year, the share price is now back to just over EUR 9. This continues the sideways movement between EUR 8 and EUR 13 that has been ongoing since 2021. DZ Bank believes that the share price can break out of this corridor.

Analysts believe the German software company is capable of a significant price increase to EUR 21 and recommend buying the stock. Experts believe that management has done a good job in recent quarters. Cost discipline is having a positive effect on earnings development.

Europe's independence from the US in terms of technology is also electrifying the stock market and offering opportunities. IONOS is a winner of this trend, but the stock has already performed well. naoo is still in its infancy, but the chances of establishing a European alternative to the major social networks have rarely been as good as they are today. Zalando and TeamViewer have not yet proven themselves as long-term investments, but offer trading opportunities.