The new week kicked off at full throttle today for Nexi who, after three consecutive negative days, are making full purchases.
Nexi stands out among the blue chips
The stock, after having left last Friday’s session behind, with a drop of more than two percentage points, today immediately took the path of earnings, gradually lengthening the pace.
In the last few minutes, Nexi was photographed at 7.702 euros, with a rally of 4.65% and over 2.3 million shares changed hands so far, against the average of the last 30 days of around 3.6 million.
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Nexi goes back up after 3 drops in a row. Remove the limit on the Pos
The stock reacts decisively after the uncertainty of the last few sessions and today conquers the first position in the basket of blue chips, showing an evident relative strength compared to the Ftse Mib.
The latest news from the political front is giving Nexi wings, after yesterday evening the minister of the economy, Giorgetti, illustrated the new amendments on the budget maneuver to the Budget Commission.
The third package of amendments incorporated the recommendations of the European Commission, which had recently emphasized how the commitments to disseminate forms of digital payment were linked to the objectives of the Pnrr, the national recovery and resilience plan.
In particular, the Meloni government would have eliminated the initial proposal to introduce a limit, equal to 60 euros, under which merchants could refuse to accept digital payments without incurring penalties.
With the cancellation of this proposal, the current legislation is therefore left unchanged which provides for a fine of 30, plus 4% of the value of the transaction for those who do not accept digital payments, without setting any threshold regarding the application of this sanction.
Pos: Government thinks about tax credit mechanism
The analysts of Equita SIM also highlight that according to the press, the Government now intends to propose a tax credit mechanism, as indeed has already been done by previous Governments, recalling that the incentives of the Draghi Government had expired in June 2022.
The goal is to reduce the cost of commissions paid by merchants on small amounts.
Nexi: good news according to Equita. Title can fly by 82%
According to the analysts of Equita SIM, considering that the penetration of digital payments on consumption was already growing strongly before the introduction of the rule on fines for merchants, the news relating to the Government’s stop on the rule concerning the POS, has a positive qualitative impact , but in fact it does not substantially change the structural growth trends of the market.
In any case, the positive view on Nexi was confirmed, which according to the experts of Equita SIM remains a stock to buy, with a target price of 14 euros, a value which implies an upside potential of around 82% compared to the current quotations on Piazza Affari .
