NuWays has reaffirmed its “Buy” rating on fintech group NAGA Group AG (XETRA: N4G), setting a price target of EUR 7.30 with 115% upside potential from the stock’s EUR 3.40 closing price on 5 August 2026. The research update underscores NAGA’s transition to profitability, marking a significant milestone for the Hamburg-based multi-asset platform operator.
- H1 2026 EBITDA: EUR 4.4m (47% increase, 64% fx-adjusted)
- H1 2026 Net Profit: EUR 0.9m (positive for the first time)
- Registered Users: Over 2.5 million across 100+ countries
- Geographic Footprint: 10 local offices with multiple regulatory licenses
NAGA’s achievement of its first profitable half-year reflects operational improvements across multiple dimensions. The company has deployed a more disciplined marketing strategy while reducing employee, technology, and operating expenses. Artificial intelligence integration has streamlined onboarding, customer support, reporting, and content generation processes, contributing to improved operational efficiency.
Beyond cost optimization, NuWays identified higher client quality and enhanced transparency as positive catalysts for future performance. The platform’s ecosystem, which integrates trading, stock and ETF investing, cryptocurrency exposure, social trading features, and neo-banking services, continues to differentiate NAGA in a competitive fintech landscape. The integrated VISA card offering fiat and cryptocurrency conversion further strengthens its value proposition to users.
NAGA Group AG operates a unified SuperApp serving a global user base through proprietary technology and social trading features, including autocopy functionality. The platform’s breadth of asset classes and integrated financial services positions it as a comprehensive investment and banking solution for retail customers worldwide.
