Litchfield Hills Research raises its buy recommendation for Virtualware to €12 per share
New York and Bilbao, Spain, 24 September. – American equity research firm Litchfield Hills Research has just released its newest analysis of Virtualware (ENXTPA: MLVIR), in which it raises its Buy recommendation from €10.00 to €12.00 per share.
The report, bylined by analyst Theodore R. O’Neill, reaffirms his “Buy” recommendation over the company, listed on Euronext Paris since April 2023, and highlights its positive performance during the last year.
Litchfield Hills highlights VIROO by Virtualware as a global benchmark for multi-user VR application development.
The €12.00 per share price target is based on a discounted earnings model, which projects the company’s potential future earnings, and expects comprehensible grow in the next five years.
Litchfield Hills Research is an independent global equity research firm that provides quality research for institutional investors and companies seeking to increase their visibility with investors. Its reports are distributed on 24 platforms used by institutional investors in the US, EU, and China.
Theodore O’Neill, CEO of Litchfield Hills Research, is a two-time Wall Street Journal All-Star Analyst.
Virtualware’s current market capitalization is over 38 million euros and a share price of 8.40 euros per share, from an initial IPO price of 6.00 euros.
Headquartered in Bilbao (Spain), the corporation delivers a professional and practical approach to Real-time 3D by providing companies and institutions with the tools and support they need to grow, strengthen, and advance in their adoption of this technology.
The company’s diverse client base includes GE Vernova, Ontario Power Generation, Gestamp, ADIF, the Spanish Ministry of Defense, Invest WindsorEssex, McMaster University, the University of El Salvador, EAN University and the Basque Government.
Its VIROO platform is a ready-to-run XR solution that grants companies and institutions worldwide easy access to immersive technology. It covers the entire Product Lifecycle Management (PLM) cycle, from concept and design to development and launch, VIROO supports the entire business process.
The robust enterprise XR platform provides multiple ready-to-use applications for users, as well as tools for developers to create and distribute their own custom multi-user XR applications. VIROO ensures the highest levels of security and privacy, including ISO 270001 certification, scalability, and performance, integrating all XR needs into a single platform.
For more information on Virtualware’s investor relations, investors can visit: https://ir.virtualwareco.com/reports/