SAVE Nordnet AB (publ)

Investing.com -- Deutsche Bank initiated coverage of Nordic online brokerage and savings platform Nordnet with a "hold" rating and a SEK360 price target, while J.P. Morgan resumed coverage at "overweight" with a SEK401 target, highlighting a split view on whether the company’s growth prospects justify its valuation.

Nordnet (OM:SAVE) is expanding its fund offering and planning to launch its own exchange traded funds early next year across the Nordics and the soon to open German market. The Nordnet share price has slipped around 10% over the past month and roughly 8% over the past quarter, even though the year-to-date share price return is close to 22% and the 3-year total shareholder return is about 151%. This suggests that long-term momentum remains strong while near-term sentiment cools as the ETF...

The venture will combine ABGSC’s advisory work and discretionary portfolio management with Nordnet’s digital investment platform.

Nordnet AB (publ) (FRA:9JL) reports a 26% revenue increase and surpasses 2.5 million customers, while navigating market volatility and competitive pressures.