Berenberg Bank Reiterates Team Internet Group (TIGXF) Buy Recommendation

Berenberg Bank reiterated a "Buy" recommendation for Team Internet Group (OTCPK:TIGXF), with an average one-year price target of $4.00/share as of January 29, 2025, indicating a 58.11% upside from its last reported closing price of $2.53. The company forecasts annual revenue of $910 million, a 38.47% increase, and non-GAAP EPS of $0.25. While institutional sentiment shows a 10.53% decrease in the number of fund owners to 17 and a 6.03% reduction in total shares held, the average portfolio weight dedicated to TIGXF increased by 17.65%.

Analysis

Berenberg Bank reiterated a 'Buy' recommendation for Team Internet Group (OTCPK:TIGXF) on November 13, 2025, with an average one-year price target of $4.00/share. This target implies a substantial 58.11% upside from its latest reported closing price of $2.53/share, signaling strong analyst conviction. The bullish outlook is underpinned by robust financial projections, including an anticipated annual revenue of $910 million, representing a significant 38.47% increase, and a projected non-GAAP EPS of $0.25.

Institutional ownership data presents a nuanced picture. While the number of funds reporting positions decreased by 10.53% (2 owners) to 17, and total shares owned by institutions declined by 6.03% to 1,491K shares in the last quarter, the average portfolio weight dedicated to TIGXF by these funds increased by 17.65%. This suggests a potential consolidation of conviction among a smaller, more committed institutional investor base, with some funds like DFIS increasing their holdings by 15.66%.

The overall sentiment surrounding TIGXF is strongly positive and bullish, aligning with the analyst's recommendation and the company's growth forecasts. The discrepancy between fewer institutional owners and increased average portfolio allocation highlights a selective but potentially high-conviction positioning by remaining institutional investors. This dynamic, coupled with strong fundamental projections, provides a compelling narrative for the stock's future performance.

Key Decisions for Investors

• Consider the significant implied upside of 58.11% to the average analyst price target of $4.00/share, supported by strong revenue growth projections.
• Monitor institutional ownership trends, specifically the increase in average portfolio weight despite fewer owners, which could indicate higher conviction among remaining institutional investors.
• Evaluate the company's ability to achieve its projected 38.47% revenue growth and $0.25 non-GAAP EPS, as these are key drivers for the bullish analyst outlook.