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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