Ad Pepper Media Sees Strong Q2 EBITDA, Maintains Target Price

Ad Pepper Media International N.V. reported a Q2 EBITDA of €1.6 million, exceeding the €1.2 million forecast by First Berlin Equity Research. Despite this solid performance, the research firm has kept its full-year 2026 EBITDA forecast unchanged at €7.5 million due to anticipated challenges in the consumer market caused by the ongoing USA-Iran conflict.

First Berlin Equity Research, through analyst Dr. Karsten von Blumenthal, reaffirmed its "Buy" recommendation for Ad Pepper Media's stock with a target price of €5.00. The firm underlines the potential that the strongest quarter is yet to come, suggesting that Ad Pepper Media is likely to meet its 2026 guidance of €6.5 million to €7.5 million in EBITDA.

The research underscores a 91% upside potential for the stock, positioning Ad Pepper Media as a significant contender in its industry despite external economic pressures.