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EQS-News: The NAGA Group AG / Key word(s): Research Update
NAGA with renewed "BUY" recommendation and price target of EUR 1.20 from NuWays
2024-05-29 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
NAGA with renewed "BUY" recommendation and price target of EUR 1.20 from NuWays
Rating: Buy
Price target: EUR 1.20
Upside to current share price: 51.9%
Hamburg, 29 May 2024 - NAGA GROUP AG (XETRA: N4G, ISIN: DE000A161NR7) is upgraded to "BUY" (previously: "HOLD") in the
latest research report from NuWays. The adjustment of the price target to EUR 1.20 (previously: 1.30) reflects the
first-time recognition of CAPEX.com activities following the merger with NAGA Group. Based on a Xetra share price of
EUR 0.79 on 24 May 2024, the share is attributed an upside potential of over 51%.
Alongside the expected synergy effects from the merger, the analysts also emphasize the cross-selling potential between
NAGA and CAPEX, which should boost sales. In addition, customer activity in the market is expected to pick up.
We encourage investors to review the full report, available on our website.
Click here to access
About NAGA
NAGA is a leading German Fintech Company offering a SuperApp with the aim to merge social trading, investing in stocks,
crypto, and neo banking into one unified platform, powered by its proprietary advanced technology. Operating in over
100 countries with 9 local offices, NAGA offers a diverse range of services for both fiat and cryptocurrencies. The
platform features a physical VISA card with fiat and automatic crypto conversion plus cashback, dynamic social feeds,
and advanced autocopy functions, enabling users to replicate the strategies of successful traders. Designed for a
global community, NAGA provides an inclusive and efficient financial ecosystem for personal finance and trading.
Investor Relations Contact
The NAGA Group AG
Michael Milonas
Co-Founder and Deputy CEO
ir@naga.com
2024-05-29 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language:     English 
Company:      The NAGA Group AG 

Hohe Bleichen 12
20354 Hamburg
Germany

E-mail:       info@naga.com 
Internet:     www.naga.com 
ISIN:         DE000A161NR7 
WKN:          A161NR 
Indices:      Scale 30 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, 

Tradegate Exchange
EQS News ID: 1912989

End of News EQS News Service
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1912989 2024-05-29 CET/CEST

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END) Dow Jones Newswires

May 29, 2024 01:30 ET (05:30 GMT)