(News Bulletin 247) – Invest Securities reiterates its ‘buy’ opinion on Capgemini with a price target raised from 200 to 220 euros, offering a potential of +21%, after a 2022 financial year deemed ‘very high-flying’ for the group computer services.
“Capgemini is in a very comfortable situation to approach a 2023 financial year which will not be as exciting, but which could reserve pleasant surprises, especially in view of the cautious guidance provided by management”, estimates the analyst.
Invest Securities recalls that management is often very cautious in exercising objectives. ‘In addition, we believe that Capgemini is well positioned to continue to gain market share and take advantage of potential M&A opportunities’, he adds.
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