Dassault Systèmes: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Dassault Systèmes shares, having raised its target price for them from E47 to E49, while maintaining its forecasts for the software company, ahead of its CMD scheduled for 9 June.
Despite the stock's recent rebound, it is still lagging behind the leading software players in Europe and its main PLM peers in terms of one-year performance, the analyst points out.
Oddo BHF believes that the stock is expected to continue catching up, thanks to the announcement of these new targets and the reacceleration of growth from Q2 2023, in particular driven by the recovery in China.
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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.
Despite the stock's recent rebound, it is still lagging behind the leading software players in Europe and its main PLM peers in terms of one-year performance, the analyst points out.
Oddo BHF believes that the stock is expected to continue catching up, thanks to the announcement of these new targets and the reacceleration of growth from Q2 2023, in particular driven by the recovery in China.
Copyright (c) 2023 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.