Sopra Steria: Oddo BHF remains positive after CMD

(CercleFinance.com) - Oddo BHF confirmed its 'outperform' rating on Sopra Steria shares, with a target price of E251, the day after the company's CMD, which in its view revealed a good dose of caution that was misinterpreted by the market.


According to the broker, the share's reaction on the stock market (-10%) indicates a clear lack of understanding of the announcement of these medium-term targets, which are deemed disappointing despite not being below consensus expectations.

Oddo BHF believes that the reaction was amplified by the absence of guidance for 2025, even though this is a logical communication on the part of Sopra Steria, as the budget process is not yet complete.

From this viewpoint, the few indications given by the company seem rather reassuring, as they point in the direction of good resilience in 2025, the analyst says, who also considers that the stock remains extremely poorly valued.


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