Duality pours over Indra in the market. A value that has surprised everyone since the beginning of the year after lateralizing in the last two months Like the rest of the defense sector after an exceptional rest of the year due to global geostrategic instability and the defense infrastructure and investment plan announced by the German government, while the Russian invasion of Ukraine continued, with certain signs, it seemed with the mediation of Trump, to rise in the market.
And that duality is reflected in this day Morgan Stanley. On the one hand, it lowers its recommendation to the same as the market from the previous one of overweighting its shares and, on the other, raises the target price to 60 euros per share, from the previous 47.
This presents a double reading and not only of the American firm, which barely marks a 2.5% improvement in value over its current price. However, it is equal to Goldman Sachs, present in the shareholding of the Spanish technology and defense company, at the best target price given.
A dimension, the 60 euros per share that this Ibex 35 value reached in its price on January 8, with a historical maximum, from which only 1.8% now separates it.
Let us remember that in addition the value climbs 265% from its lows last Februarywhen it was trading at 16.10 euros per share.
A maxi-climb that is also continuing so far this year. What happened in Venezuela has once again strengthened to the value that accumulates gains of 20.7% so far this year and only 18.15% in the last week.
So, The firms raise their target price but the value, or rather its price, is already ahead in the market. For example, last week’s revisions of Alantra and Santander with the value at maximums, lead them to be listed now, despite their high PO, with negative potential and no possibility of improvement in the Spanish stock market according to these updates.
However, the circumstances arise that There is no firm in the market that, despite its vertical rise, chooses to recommend the sale of its shares in the market. What’s more, according to the consensus collected by Reuters, despite the fact that the price is 11% above the average, the recommendation is to buy its shares in the market.
At the moment, in addition to the conflict in Venezuela, Trump’s threats to Greenland lead the EU to consider a greater defensive shield in Europe’s own area, To which is added the American president’s gaze on Cuba and that there are no signs, at the moment, of peace in Ukraine, while the attacks from Moscow and kyiv continue, without bringing Zelensky and Putin to the table.