Vigo shares are receiving a fresh boost from broker Ipopema, which has set a 650 zł target price for the Warsaw-listed infrared detector manufacturer.
The firm recommends buying the stock, projecting upside of more than 30% from current levels as it identifies several converging growth catalysts for the company.
The bullish thesis rests on three pillars: the strategic acquisition of Infrared Associates, an improving broader market cycle for infrared technology, and the commercial rollout of military-grade IR matrices.
Ipopema views these developments as transformative for Vigo’s revenue profile, particularly as defense spending remains a priority across European markets.
The acquisition of Infrared Associates is expected to expand Vigo’s technological capabilities and market reach, while the new military matrices address a high-margin segment with sticky demand.
Combined with a general recovery in the industrial and security sectors, the broker sees a clear path for earnings expansion.