Dassault Aviation: Stifel raises target price

(CercleFinance.com) - Stifel confirms its buy recommendation on Dassault Aviation shares, raising its target price for them to E370 (from E265) following its 2024 results.


Stifel believes that the manufacturer of fighter and business jets has published better-than-expected 2024 results, with sales up 30% and adjusted EPS up 24%.

It believes that for 2025, the group has been very cautious about its sales growth forecasts.

However, given the ramp-up of Rafale and Falcon production, we expect the group to significantly exceed its targets, Stifel says today.

Beyond its traditional customers, Dassault Aviation could see the European defense market open up to it for the first time.

The analyst also points out that Dassault Aviation, which historically traded at 15x earnings, can now easily justify a 12-month P/E of 20x, given its earnings growth potential.


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