Warburg keeps Elmos Semiconductor on 'Buy' - target 102 euros

Analyst Gert Piltz reiterates 'buy' rating

Price target raised from 100 to 102 euros

The analysts at Warburg Research have reaffirmed their "buy" rating for Elmos Semiconductor shares and raised their price target from EUR 100 to EUR 102. Analyst Gert Piltz justified the move with the company's "sustainable growth prospects" and "solid" order situation.

Elmos Semiconductor is a manufacturer of semiconductors for the automotive industry. The company's products are used in a variety of applications, including power management, motor control, and sensor technology.

In a research note, Piltz highlighted Elmos Semiconductor's "strong market position" and "innovative product pipeline." He also noted that the company is benefiting from the growing demand for semiconductors in the automotive industry.

Piltz raised his price target for Elmos Semiconductor shares from EUR 100 to EUR 102, citing the company's "solid" financial performance and "positive outlook." He believes that the company's shares are "undervalued" and that there is "significant upside potential" for investors.

The analysts at Warburg Research are not the only ones who are bullish on Elmos Semiconductor. In a recent research note, the analysts at Jefferies maintained their "buy" rating for the company's shares and raised their price target from EUR 90 to EUR 105.

The analysts at Jefferies cited Elmos Semiconductor's "strong product portfolio" and "solid execution" as reasons for their optimism. They also noted that the company is benefiting from the growing demand for semiconductors in the automotive industry.

Elmos Semiconductor shares have performed well in recent months, rising by over 20% since the beginning of the year. The company's shares are currently trading at around EUR 95.