LAIQON AG Receives Updated Buy Rating with Revised Price Target

First Berlin Equity Research GmbH has reiterated its "BUY" rating for LAIQON AG, with a new target price of EUR 10.50, slightly down from EUR 10.60. This adjustment follows a mixed H1/25 financial report, where total revenues increased by 13.8% to €17.6 million, primarily due to €2.8 million in state research grants.

EBITDA losses improved, narrowing to €-0.82 million from €-2.95 million in H1/24, despite transaction costs linked to the MainFirst acquisition impacting performance. The assets under management (AuM) notably rose to €9.75 billion as of August 2025, driven by acquired assets from MainFirst.

LAIQON also initiated revenue and EBITDA forecasts for 2026; however, these remain below previous estimates. The company continues advancing strategic goals, with partnerships expanding and plans to launch Europe's first AI-powered ETF by the year's end.