October 7th, 2021 | 12:00 CEST
Palantir, wallstreet:online, Commerzbank - Significant steps
Table of contents:
Commerzbank - Is the state bidding farewell?
Is the German government realizing a loss of EUR 4 billion and selling its built-up share package, which was built up in 2008 as part of the state rescue during the financial crisis? US investor Cerberus, which has already been a major shareholder in Frankfurt since 2017 with a stake of around 5%, is at least interested.
As reported by Handelsblatt, several meetings have already taken place with the US. In addition to Finance Secretary Jörg Kukies, Chancellor-designate Olaf Scholz was present at least once. The federal government still owns a total of 15.5% of Commerzbank, and a sale is being advocated above all by the liberals.
Analyst Tobias Lukesch takes a positive view of the current situation at the Frankfurt-based bank. The restructuring potential, the interest rate potential and the privatization make the experts from Kepler Chevreux optimistic so that a "buy" rating with a price target of EUR 7.50 was assigned.
wallstreet:online - Significant price potential
With a buy rating and a price tag of EUR 37.70, the stock of wallstreet:online AG was rated by analysts at GBC AG. The experts see significant price potential following the half-year figures and the confirmed forecasts for the full year 2021. Indeed, the current share price of the Berlin-based Company is EUR 22.90 after a period of weakness. Compared to the competition, however, the price shows relative strength.
The euphoria of the experts at GBC is based on the continuation of the dynamic growth trend of the first six months. Compared to the same period of the previous year, consolidated sales on a pro forma basis increased significantly by 57% to EUR 23.80 million. The jump in sales was mainly driven by organic growth effects. New records were also set in terms of customer growth. In the first six months of the current fiscal year, the number of customers increased by around 70,000 to almost 190,000. Assets under management exploded by 59% to EUR 6.80 billion.
The team around CEO Matthias Hach was able to confirm the previous company guidance. Accordingly, the Management Board continues to expect a year-on-year increase in sales to approx. EUR 45.0 million to approx. EUR 50.0 million and an increase in operating EBITDA to between EUR 4.00 million and EUR 6.00 million. Overall, the analysts of GBC AG are convinced that the wallstreet:online group should succeed in significantly expanding its market positions in both core business areas, social & media and online brokerage, as part of the initiated transformation into a financial services provider with an integrated financial community, and thus continue its dynamic growth course.
The even closer integration of the two core business areas in the future and the resulting advantages should enable the Company to additionally drive forward its future revenue and earnings performance. Launching a new smartphone app and a new trading interface in the first half of 2022 should generate new revenue momentum.
Palantir - In the army now
A significant order for data analytics specialist Palantir Technologies led to a 9% share price rally. The software company announced that it has been selected by the US Army's Program Manager for Intelligence Systems and Analytics to provide the Army's Intelligence Data Fabric and analytics foundation for the Capability Drop 2 (CD-2) program.
Palantir said it will deploy the Palantir Gotham platform to support Army intelligence users worldwide with a globally federated intelligence data fabric and analytics platform that includes multiple security classifications.
"We look forward to continuing to work with PEO IEW&S and the Army's Intelligence Community in delivering new and exciting technologies to support their modernization efforts," said Doug Philippone, Global Defense Lead at Palantir.
Online brokers were among the crisis winners due to increased trading activity and rising customer numbers; however, growth is slowing across the board. wallstreet:online's dovetailing of a financial community and online broker gives it a unique selling point and significant upside potential, analysts say. Commerzbank, like Palantir, could continue its turnaround.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.
Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.