Analysts Lower Verve Group Price Targets After Forecast Cut

According to Dagens Industri, several financial analysts have significantly lowered their price targets for Verve Group (VER) following the company's revision of its full-year forecast. Despite these downward adjustments, Pareto Securities, Nordea Markets, and Kepler Cheuvreux have all maintained their "buy" recommendations for the stock. The revisions commenced on August 18, 2025, when Kepler Cheuvreux reduced its price target for Verve to 37 kronor from 54 kronor. This action followed a sharp decline of over 23 percent in Verve's stock price, which closed at 20.20 kronor the preceding Friday. The company's lowered 2025 annual forecast and second-quarter results were identified as the primary drivers for this decline, which Kepler Cheuvreux characterized as an "unnecessary mistake." The firm cited integration challenges with supplier and publisher platforms as the reason for the reduced forecast. Nordea Markets adjusted its price target on August 19, lowering it to 45 kronor from 56 kronor, at a time when Verve's stock had closed at 21.16 kronor. Subsequently, on August 20, Pareto Securities also revised its target downwards, from 57 kronor to 40 kronor, after Verve's stock closed at 23.60 kronor. In all these instances, the analysts' fundamental "buy" recommendation for investors remained unchanged, even as their valuation expectations were recalibrated to align with the company's updated guidance and the subsequent market response.