NAGA with renewed "BUY" recommendation and price target of EUR 1.20 from
NuWays

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

29.05.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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


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29.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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 29.05.2024 CET/CEST