Original-Research: init innovation in traffic systems SE (von Quirin Privatbank Kapitalmarktgeschäft): Buy

Original-Research: init innovation in traffic systems SE - from Quirin Privatbank Kapitalmarktgeschäft

24.03.2026 / 10:36 CET/CEST
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The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.

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Classification of Quirin Privatbank Kapitalmarktgeschäft to init innovation in traffic systems SE

Company Name:	init innovation in traffic systems SE
ISIN:	DE0005759807
Reason for the research:	update
Recommendation:	Buy
from:	24.03.2026
Target price:	68.00
Last rating change:
Analyst:	Ralf Marinoni

init SE: A real hidden champion

In the 2025 fiscal year, init achieved an EBIT increase of 32.5% to EUR 32.5m. The company has become the global market leader in telematics solutions for public transportation. A true hidden champion!
The current weakness in the stock price-due to a weak stock market environment-should be used as an opportunity to buy more shares. We confirm our Buy recommendation and raise the TP from EUR 60.00 to EUR 68.00 based on higher peer group multiples and a DCF valuation.



You can download the research here: INIT20260324k
For additional information visit our website: https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
[e-mail]
https://research.quirinprivatbank.de/

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2296704 24.03.2026 CET/CEST