Deutsche Bank ups Technoprobe on 'game changing' HBM-related potential; shares rise

Deutsche Bank ups Italy's Technoprobe TPRO.MI to "buy" from "hold" as it says the strong high bandwidth memory (HBM) supply chain pressure applied by Nvidia NVDA.O has "game-changing" potential

Technoprobe shares rise as much as 7.6%

Group "to be qualified at all the three major HBM players by year-end", DB says

Technoprobe's HBM-related sales as result to reach around 250 million euros ($285.35 million) in 2028, DB adds

This would be "game-changing" for the probe card manufacturer that made 543 million euros in 2024 total sales, DB notes

Out of 7 analysts that cover Technoprobe, four rate the stock "strong buy" or "buy", ​three rate "hold"

($1 = 0.8761 euros)