Verve Group SE Receives BUY Rating from First Berlin Equity Research

First Berlin Equity Research has released a research update on Verve Group SE, providing a BUY recommendation with a target price of €4.50. This follows the company's annual results for 2025, highlighting a positive rebound in operational performance after a phase of platform unification.

The recent report emphasized an increase in cash consumption, primarily due to working capital, which the management plans to normalize. Analysts believe this issue is likely temporary, expecting improvements in the first half of 2026.

The digital advertising market seems favorable as solid growth is forecasted, and Verve Group SE is poised to expand its market share, benefiting from its enhanced technology offerings. The company's technology improvements already showed concrete advantages in the fourth quarter of 2025, strengthening its position in the market.