Esker: Stifel raises target price
(CercleFinance.com) - Stifel confirms its 'buy' recommendation on Esker shares, raising its target price for them from E200 to E210, following the software company's presentation of a performance described as remarkable' for the second quarter.
While management has maintained its full-year guidance of 12%-14% revenue growth, the broker believes that the growth momentum confirms its view that the group should be able to do better, and raises its target to 15% in H2.
""Esker is not totally immune to the political crisis in France, but its solid publication shows once again that the group remains one of the best growth and quality stocks among French SMIDs, in our view", Stifel says.
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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.
While management has maintained its full-year guidance of 12%-14% revenue growth, the broker believes that the growth momentum confirms its view that the group should be able to do better, and raises its target to 15% in H2.
""Esker is not totally immune to the political crisis in France, but its solid publication shows once again that the group remains one of the best growth and quality stocks among French SMIDs, in our view", Stifel says.
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.