(News Bulletin 247) – Jefferies maintains its Underperformance recommendation with a target of 33 E on the Dassault Systemes share
‘An expert call with a major Solidworks reseller highlighted the pressures of 4Q22 and the major price changes to come’, says the analyst who says the implications for the forecast are ‘hard to read, but the risk quarterly volatility seems to be increasing’.
‘ After good years in 2021/2022 (+13-15%), our analyst expects slower growth in 2023 (c10%). Since the beginning of the quarter, he indicated that the trend is currently below expectations, with some caution from customers due to the macro economy. The month of March for the 1st quarter, is always the most important and therefore there is still time to catch up, ‘says Jefferies.
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