New rumors: Is this German stock going through the roof today?

According to rumors, this fintech seems to have developed a new trading app that offers an innovation to customers that no other broker or neobroker can offer so far.

According to rumors, the fintech platform The Naga Group has developed a new trading app that will be integrated into the messenger service Telegram. According to reports, the launch of the “NAGA Everything Trading” app will be announced soon.

According to information from BÖRSE ONLINE, users of the Naga service will be able to gain direct access to the financial markets via Telegram’s app center and trade thousands of stocks, CFDs, foreign exchange, commodities or cryptocurrencies. The Naga Group will gain access to a total of almost one billion Telegram users via the new trading app, opening up high growth potential for the future. A cooperation with Telegram should therefore also have a positive impact on the fintech platform’s share price.

The stock has been on the rise in recent days. The main driver was the recently announced sponsorship partnership with Borussia Dortmund. Analysts see great potential for raising the profile of the fintech platform in the cooperation with the Bundesliga club. Analysts at Warburg Research recommend buying the stock with a price target of EUR 1.40, while SMC Research even sees potential for up to EUR 1.60 for Naga shares.

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