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Original-Research: init innovation in traffic systems SE - from Quirin
Privatbank Kapitalmarktgeschäft

15.05.2026 / 09:58 CET/CEST
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Classification of Quirin Privatbank Kapitalmarktgeschäft to init innovation
in traffic systems SE

Company Name: init innovation in traffic systems SE
ISIN: DE0005759807

Reason for the research: update
Recommendation: Buy
from: 15.05.2026
Target price: 68.00
Last rating change:
Analyst: Ralf Marinoni

Excellent start into FY 2026

init reported the best first quarter in the company's history: sales up by
~40% yoy, and EBIT more than tripled. The company confirmed - conservatively
- its FY 2026 guidance. We clearly confirm our Buy recommendation and the
EUR 68.00 TP

You can download the research here:
https://eqs-cockpit.com/c/fncls.ssp?u=5045f5aed3bba325ff029ddacc99760c
For additional information visit our website:
https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
research@quirinprivatbank.de
https://research.quirinprivatbank.de/

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2328182 15.05.2026 CET/CEST

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