AutoStore Holdings Ltd (AUTO:NO) received a Buy rating from Berenberg on Monday, with a price target of NOK15.00. Berenberg highlighted AutoStore’s leading position in the global market for cubic storage solutions. These automated storage and retrieval systems (AS/RS) are used in warehouses and logistics centers to improve efficiency and storage capacity.
AutoStore’s cubic storage solutions are known for their modular design, which allows for four times the storage density compared to manual warehouses, as well as faster picking speeds. This innovative approach to warehouse management has made AutoStore a key player in the logistics industry.
According to Berenberg’s analysis, AutoStore’s valuation is attractive, especially considering the company’s long-term growth potential. The firm’s forecast indicates a valuation of 11 times the 2025 expected enterprise value to earnings before interest, tax, depreciation, and amortization (EV/EBITDA). This metric highlights AutoStore’s strong financial position and profitability, with the company boasting best-in-class EBITDA margins.
The decision to set a price target of NOK15.00 is supported by these financial indicators and AutoStore’s market-leading position. Berenberg’s coverage initiation reflects optimism about AutoStore’s future performance and its role in the evolving landscape of logistics and warehousing solutions.
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