FRANKFURT (dpa-AFX Broker) - United Internet shares climbed more than two percent to 24.46 euros on Whit Monday in quiet holiday trading. This brought them within 18 cents of their interim high from May last year. Citigroup analyst Siye He provided a boost by significantly raising her price target to €29. That would be the highest level since 2022 and would underpin the long-term bottoming out.
He still considers the shares to be undervalued, even after their recovery of more than half in the current year. She wrote that the company's core business is currently valued at virtually nothing on the stock market. However, it still includes applications for the end-customer business and, more importantly, the high-value infrastructure asset 1&1 Versatel.
The shares of the subsidiaries Ionos and 1&1 have performed much better in some cases in the current year. The shares of web host Ionos have almost doubled, and 1&1 has recorded a 46 percent increase. /ag/stw
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