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GBC sets Smartbroker price target at EUR 17.8, reiterates buy rating

PUBT·09/17/2026 11:02:11
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GBC sets Smartbroker price target at EUR 17.8, reiterates buy rating
  • GBC AG reiterated a Buy rating on Smartbroker, keeping its EUR 17.8 price target through Dec. 31, 2027.
  • H1 2026 revenue rose 9.6% to EUR 35.42 million; EBITDA after customer acquisition costs improved to EUR 2.2 million from EUR 0.06 million.
  • Customer assets climbed 43.4% to EUR 17.5 billion; trades increased 58.6% to 4,700,000, signaling stronger platform activity.
  • Analysts kept 2026 forecasts at EUR 70 million revenue; EUR 0.5 million EBITDA, citing higher H2 marketing ahead of a planned Jan. 2027 product launch.
  • DCF-based fair value stayed unchanged; the note flagged slower-than-expected gross customer additions of about 31,000 as a key scaling risk.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smartbroker Holding AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26830) on September 17, 2026, and is solely responsible for the information contained therein.