flatexDEGIRO stock target lifted, Buy rating held on largest shareholder’s concerns By Investing.com

On Thursday, Deutsche Bank adjusted its financial outlook for flatexDEGIRO AG (FTKn:GR) (OTC: FNNTF), a leading online brokerage firm, by raising the price target to EUR15.00 from the previous EUR13.00. The firm continues to endorse a Buy rating for the company’s stock.

The revision follows a candid interview with flatexDEGIRO’s largest shareholder, Bernd Fötsch, who controls approximately 20% of the outstanding shares. Fötsch expressed his discontent with the company’s recent share price trajectory and its operational and strategic direction. He highlighted several areas of concern, including the brokerage’s complex and opaque fee structure and missed opportunities in the cryptocurrency space.

Moreover, Fötsch criticized the company’s communication strategies, the management remuneration plan, and the capital allocation plan. These critiques suggest areas where the company could potentially improve to enhance shareholder value and market performance.

Despite these criticisms, Deutsche Bank’s updated price target indicates a positive outlook for flatexDEGIRO’s financial future. The Buy rating suggests that the bank sees potential for the stock to perform well in the market.

Investors and market observers will be watching to see how flatexDEGIRO responds to its largest shareholder’s concerns and whether the company will make strategic adjustments to address the issues raised. The new price target reflects the bank’s confidence in the company’s ability to navigate its challenges and capitalize on its strengths in the online brokerage sector.

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