Capgemini: Invest Securities reassured by Accenture

(CercleFinance.com) - Invest Securities has confirmed its 'buy' rating on, and E248 TP for Capgemini shares, believing that the French IT services group's 2024 guidance has been bolstered by Accenture's publication on Thursday.


After performing fairly well at the start of the year, the stock has underperformed over the last three months (-14 points), impacted by fears of a delayed market recovery following comments from certain US players, the analyst points out.

In his opinion, Accenture's publication contradicts these concerns, with the US giant's leading indicators pointing to a low point reached at the beginning of 2024, and a recovery that should accelerate over the coming months.


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.