ZEAL Network SE Sees Positive Outlook Amid Jackpot Growth

Research from NuWays AG highlights favorable conditions for ZEAL Network SE. The company, identified by ISIN: DE000ZEAL241, has received a "BUY" recommendation with a target price set at EUR 80 over the next 12 months. Analyst Simon Keller points to an advantageous jackpot environment contributing to ZEAL's potential growth.

The report notes the remarkable performance in the second quarter, attributed to high peaks in Eurojackpot and Lotto 6aus49. This led to an increased market activity and an estimated 8% year-over-year growth in stakes for the German lottery market, benefiting ZEAL's online penetration and market share gains.

Additionally, the DreamCarRaffle initiative shows promise for future profitability, with a high ticket sell-through rate and a potential for breaking even during its initial season. As the company diversifies its formats, it can attract a broader audience, reinforcing growth expectations beyond Q2.