CTS Eventim shares struggle to break resistance despite buy rating

Shares of CTS Eventim experienced a brief surge following a ‘Buy’ recommendation from Bankhaus Metzler, but the stock struggled to overcome resistance levels. After the Xetra opening, the price initially rose by 2.8 percent to 62.50 euros before retreating.

Analyst Felix Dennl noted that the company’s performance has been below the MDAX average over the past twelve months. However, he projects average growth in the mid-single-digit percentage range through 2028, alongside improved profitability. Metzler set a price target of 90 euros, citing a strong cash position that is expected to reach approximately 1.1 billion euros by the end of 2028, potentially allowing for higher shareholder distributions.