Tonies: Business is Expected to Double by 2030. Berenberg Values the Potential at 50%

A trading opportunity is offered by the stock of tonies - known for the Toniebox for children. The stock should bounce back from the support level at €12, especially after the company projected a doubling of revenues during the analyst day in June and received analyst support. Berenberg reiterated its buy recommendation and raised the price target from previously €14.50 to now €19. Tonies plans to double revenue by 2030 and expand margins By the fiscal year 2030, the group's revenue is expected to rise to over €1.4 billion, which corresponds...