Trainline PLC (LSE:TRN) shares rose another 2.4% after analysts said last week's results indicated the digital ticketing company was on the right track.
Shore Capital said last week's interim results were better than expected and, with a supportive government consultation on the future of UK rail retail, reinforce the investment case.
Deutsche Bank analyst Silvia Cuneo agreed that the government consultation was a "positive first step" on the plans for Great British Railways.
Shore Cap analyst Katie Cousins, who set a fair value for the shares at 470p, offering a potential 80% upside, lifted her full-year profit forecast by 2% after the 14% rise in adjusted EBITDA to £93 million in the first half.
Net ticket sales rose 8%, with all segments growing.
Cousins highlighted strong operational progress, particularly in digital features and international traction, with Spain now contributing double-digit market share.
She now expects Trainline’s international net ticket sales to exceed £1 billion again this year.
Deutsche's Cuneo said profitability was healthily above her estimates too, helped by slightly lower depreciation, amortisation, interest and share count.