(News Bulletin 247) – Deeming the valuation to be ‘aberrant with regard to fundamentals’, Invest Securities reiterates its ‘buy’ opinion on Sopra Steria, with a price target raised from 198 to 228 euros, ‘convinced that the rerating initiated at the start of 2023 must to be prolonged, even to be amplified’.
“The 2022 achievements are solid and above all the 2023 guidance is reassuring, with even the possibility that the company will do better due to a very cautious scenario adopted for the second half,” points out the analyst.
‘In addition, non-operational factors (IS, provisions, Axway) and the integration of the acquisitions of CS Group and Tobiana have significant impacts, which leads us to raise our expectations quite clearly’, he continues.
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