Atos: Invest Securities raises TP after Atos OneCloud
(CercleFinance.com) - Invest Securities reiterates its "buy" rating on the Atos share, having increased its corresponding target price from 80 euros to 90 euros with updated market parameters, following the launch of Atos OneCloud, a one-stop shop offering all the group's Cloud services.
The aim is to increase such services from 15% to 26% of the group's sales over the medium term (2024-25), which represents a CAGR of +13% to +15% (potentially including acquisitions) according to our calculations, the broker says.
It adds that this initiative seems to to be a positive signal of the group's transformation and its desire to accelerate its organic growth by improving the appeal of its offers.
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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 aim is to increase such services from 15% to 26% of the group's sales over the medium term (2024-25), which represents a CAGR of +13% to +15% (potentially including acquisitions) according to our calculations, the broker says.
It adds that this initiative seems to to be a positive signal of the group's transformation and its desire to accelerate its organic growth by improving the appeal of its offers.
Copyright (c) 2020 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.