Westwing Group SE: Expansion and Growth Prospects

NuWays AG has published an update on Westwing Group SE, recommending a "BUY" rating with a target price of EUR 20.00. Westwing Group SE is reaping the benefits of its transformation, focusing on country expansion and offline store growth.

The company has expanded to ten new countries, employing a strategy with minimal capital expenditure and marketing risk. Their recognized brand presence aids in this expansion. Westwing plans to open seven offline stores this year, which is expected to enhance brand loyalty and experience.

Growth is anticipated, with a shift in product assortment expected to drive margins higher. Despite share price momentum, the stock remains undervalued, presenting a compelling risk-return profile.