Planisware: Berenberg raises its target price

(CercleFinance.com) - Berenberg announced on Wednesday that it had raised its target price for Planisware from €29 to €30, while renewing its buy recommendation on the stock.


In a note, the broker hails the successful execution of the project management software company's plans, as illustrated by the quality of the results unveiled yesterday.

In its view, the company has succeeded in outperforming some of the unfavorable factors that have weighed on its peers' business, boosting sales by almost 20% while increasing the operating margin to 33.5%, perfectly in line with the targets the company had set itself at the time of its IPO in September 2023.

We believe that this good performance will lead to an increase in the share's value, which in our view remains attractively priced", he concludes.

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