Dassault Systèmes: Invest Securities raises TP

(CercleFinance.com) - Invest Securities maintains its Buy rating on Dassault Systèmes shares, with a price target raised from E48 to E50.


The analyst believes that yesterday's decline of over 4% reflects a loss of credibility on the part of the CFO post Q4 2023, after he underestimated the scale and length of the Medidata slowdown.

While Medidata's new roadmap was confirmed yesterday (stable sales in 2024, before >+10% growth in 2025), investors will not be satisfied with guidance, but will wait to see what actually happens, Invest says.

The broker also sees the current price as an opportunity, even if the revaluation could wait until late 2024-early 2025, the time needed to reassure investors about Medidata.


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