Sopra Steria: Oddo BHF remains positive, adjusts TP
(CercleFinance.com) - Oddo BHF has reaffirmed its 'outperform' rating on Sopra Steria shares, in view of the 'still very significant' upside potential in relation to its adjusted TP of E251 (from E260), after updating its valuation methods.
Reviewing the previous day's trading update, the broker believes that the IT services group resisted better than its peers in Q3, posting good business resilience despite the aeronautics sector.
While Sopra Steria expects a slightly weaker Q4, this does not call into question its guidance for 2024, and Oddo BHF believes that it still looks set for growth in 2025, also deeming its valuation 'extremely low'.
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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.
Reviewing the previous day's trading update, the broker believes that the IT services group resisted better than its peers in Q3, posting good business resilience despite the aeronautics sector.
While Sopra Steria expects a slightly weaker Q4, this does not call into question its guidance for 2024, and Oddo BHF believes that it still looks set for growth in 2025, also deeming its valuation 'extremely low'.
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.