![Actualite financiere : Actualite bourse](/img/photos/photo//580819154_33.jpg)
Kalray: Oddo BHF reduces target price
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Kalray shares, while reducing its target price for them from E22 to E19, to take into account the signature of a bond issue redeemable in shares and to apply a dilution related to this announcement.
While the processor company reported a 29% fall in H1 sales, in line with its expectations, the broker expects H2 sales to grow very strongly in view of the sales pipeline.
Oddo BHF has lowered its 2024 sales forecast, but is maintaining growth of 50% in 2025 and 2026, supported by growth in the Jumbo Contract and the launch of products developed in collaboration with Pliops.
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 decision-making aids 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.
While the processor company reported a 29% fall in H1 sales, in line with its expectations, the broker expects H2 sales to grow very strongly in view of the sales pipeline.
Oddo BHF has lowered its 2024 sales forecast, but is maintaining growth of 50% in 2025 and 2026, supported by growth in the Jumbo Contract and the launch of products developed in collaboration with Pliops.
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 decision-making aids 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.