Ipsos: UBS raises target price

(CercleFinance.com) - UBS today says that Ipsos' 2024 results are reassuring, while visibility on the business remains low.


The analyst reiterates his Neutral rating on the stock, but raises his target price a euro to E50.6 (from E49.6). This new TP represents 6% upside potential for the stock.

Results for FY 2024 are reassuring, although visibility for 2025 is low at this stage, and management expects weighted organic growth in H2, UBS says.

Ipsos expects organic growth for 2025 to exceed that of 2024, and an operating margin of around 13% LFL (excluding the impact of current-year acquisitions).


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