The research houses First Berlin, Nuways and Quirin have published updated research reports on their rating of Swissnet Group. Quirin raises its price target from EUR 21.00 to EUR 23.50, while First Berlin and Nuways maintain their price targets. All research houses continue to rate the share as a "buy". First Berlin has a target price of EUR 19.00 and Nuways has a target price of EUR 20.00.
The updated research report highlights Swissnet's strong performance in the first half of 2025: revenue almost doubled year-on-year to reach CHF 11.3 million, while the share of recurring revenue now stands at 77%. At the same time, adjusted EBITDA doubled to CHF 2.3 million (margin: 20%), underlining the SaaS-driven growth, increasing profitability and accelerated international expansion. Swissnet International is another key growth driver: several major contracts were signed in the MENA and APAC regions in the first year, and the integration of Swissnet ICT and Lokalee continues to open up new cross-selling potential.
