Euroxx Financial Services has increased its target price for AVAX's shares from 3.4 euros to 4.7 euros, reflecting a potential upside of 37% compared to current trading prices on the Athens Stock Exchange. This upgrade is largely due to improved financial estimates, particularly a forecasted EBITDA of 120 million euros for 2025, up from a previous estimate of 103 million euros. The upward revision is attributed to higher profit margins and the faster execution of projects within the construction sector.

In the report, Euroxx emphasizes the robust potential of the construction sector, anticipating strong EBITDA and cash flows for AVAX over the next three to five years. This positive outlook is supported by an order backlog of 2.54 billion euros and a clear pipeline of upcoming projects. As the company continues to execute its strategy effectively within this sector, the expected earnings appear more favorable, giving Euroxx confidence in AVAX’s stock performance in the coming years.

Overall, Euroxx views AVAX's current share price as reflecting an attractive price-to-earnings ratio of 9.8x for 2026, indicating that investors can expect solid returns. The emphasis on the construction sector's growth and the associated financial indicators suggest a promising investment opportunity for stakeholders linked to the company’s operations in Greece.