Here is a new company report from Tommi on Betolar ![]()
Betolar has not reported sales successes in early 2025 similar to Q4’25, based on which we estimate sales development to have been weaker than our expectations. As a result, we have lowered our revenue forecasts for the current year and the next few years. The valuation remains tight in the short term, and financing-related question marks keep the risk level high. Given this overall picture, the stock’s risk-reward ratio remains subdued despite market potential. Reflecting the forecast changes, we lower our target price to EUR 1.1 (previously 1.3) and reiterate our Reduce recommendation.