Esker: share price rises, back on Portzamparc list

(CercleFinance.com) - Esker shares are still on the up in Paris on Wednesday, as analysts at Portzamparc added the stock to their list of preferred small mid-caps and large caps ('High Five').


In their comments, the broker states that it expects organic growth of 14.5% in 2023, in line with forecasts (between 14% and 15%) provided by the specialist in the dematerialization of customer and supplier processes.

In addition to the strong growth in order intake expected in H2, Portzamparc expects its margin to improve to 12% in 2024, followed by 14.5% in 2025, compared with an estimate of just 10% for 2023.

Analysts, who maintain their Buy rating on the stock, with a target price of E174, giving 25% upside potential, say that the software developer presents a resilient profile in an uncertain economic environment.

Buoyed by these comments, Esker shares were up 1.7% on Wednesday morning, bringing their gains over the past month to over 12%. However, they are still down nearly 10% YTD.


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