Dassault Systemes: UBS remains neutral ahead of earnings results
(CercleFinance.com) - With growth target now set at 10%-11% for year-end.
Forecasts now stand at 6%-8% for 2024. The analyst confirms his neutral recommendation on the stock, with an unchanged target of E44, which represents 24% upside potential.
UBS says that "Confirmation that Medidata will return to growth in H2 and Op. CF was up y/y in H1 were positives, but 10-11% growth plans for Q4 will leave some still nervous".
DS has pre-announced sales E40m below the mid-point, and reduced FY forecasts by E120m below the mid-point, due to a decline in contracts, mainly in the A&D sector, analysts point out.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Forecasts now stand at 6%-8% for 2024. The analyst confirms his neutral recommendation on the stock, with an unchanged target of E44, which represents 24% upside potential.
UBS says that "Confirmation that Medidata will return to growth in H2 and Op. CF was up y/y in H1 were positives, but 10-11% growth plans for Q4 will leave some still nervous".
DS has pre-announced sales E40m below the mid-point, and reduced FY forecasts by E120m below the mid-point, due to a decline in contracts, mainly in the A&D sector, analysts point out.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.