^
Original-Research: init innovation in traffic systems SE - from Quirin
Privatbank Kapitalmarktgeschäft
24.03.2026 / 10:36 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS
Group.
The issuer is solely responsible for the content of this research. The
result of this research does not constitute investment advice or an
invitation to conclude certain stock exchange transactions.
---------------------------------------------------------------------------
Classification of Quirin Privatbank Kapitalmarktgeschäft to init innovation
in traffic systems SE
Company Name: init innovation in traffic systems SE
ISIN: DE0005759807
Reason for the research: update
Recommendation: Buy
from: 24.03.2026
Target price: 68.00
Last rating change:
Analyst: Ralf Marinoni
init SE: A real hidden champion
In the 2025 fiscal year, init achieved an EBIT increase of 32.5% to EUR
32.5m. The company has become the global market leader in telematics
solutions for public transportation. A true hidden champion!
The current weakness in the stock price-due to a weak stock market
environment-should be used as an opportunity to buy more shares. We confirm
our Buy recommendation and raise the TP from EUR 60.00 to EUR 68.00 based on
higher peer group multiples and a DCF valuation.
You can download the research here:
https://eqs-cockpit.com/c/fncls.ssp?u=73d6287f502b7d76e1efb99c3ca1376e
For additional information visit our website:
https://research.quirinprivatbank.de/
Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
research@quirinprivatbank.de
https://research.quirinprivatbank.de/
---------------------------------------------------------------------------
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
View original content:
https://eqs-news.com/?origin_id=152b6173-2764-11f1-8534-027f3c38b923&lang=en
---------------------------------------------------------------------------
2296704 24.03.2026 CET/CEST
°
Quelle: dpa-AFX
