Barclays and UBS have initiated bullish coverage on HBX Group, assigning "overweight" and "buy" ratings, respectively, due to its strong growth potential and financial fundamentals. Barclays set a price target of €14.30, while UBS targets €14.25, highlighting HBX's leadership in the B2B travel technology sector and its significant transaction volume growth. Despite facing risks such as competition and market fluctuations, both firms emphasize the importance of HBX's upcoming financial results in establishing investor confidence and potential stock re-rating.