Euronext: share shines, as analyst raises TP

(CercleFinance.com) - Euronext shares outperformed in Paris on Friday morning, thanks to a note from Deutsche Bank, which raised its earnings forecasts and target price for the stock market operator.


In a study, the analyst notes that the stock recently reached absolute highs thanks to the achievement of its forecasts and the implementation of share buybacks.

The broker expects this positive momentum to continue into 2025, although the stock is still trading at a significant discount to its peers.

Against this backdrop, DB has revised its earnings forecasts for the Group upwards and raised its target price from E115 to E122, while renewing its Buy recommendation.

In late morning trading Euronext shares were up around 0.5%, bringing their annual gains to almost 38%, while at the same time the SBF 120 index was gaining less than 0.1%.


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