(News Bulletin 247) – Oddo BHF initiates coverage of Kalray at ‘outperformance’ with a price target set at 38 euros, ‘given a considerable upside in the event of good execution and an attractive risk/reward at the price current, despite the recent rebound’.
‘Kalray offers a promising deep-tech profile’, judges the analyst, who points to its ‘disruptive technology in data processing (DPU), with established competitive advantages’, and its positioning in emerging markets with high potential like AI.
“The company has already taken important industrial and commercial steps, paving the way for a take-off phase, initiated in 2022, and a change in dimension,” adds Oddo BHF in the summary of its note.
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