(News Bulletin 247) – Stifel maintains its ‘hold’ rating on the OVH Group share, with an unchanged price target of 11 euros.
The analyst reports that OVH published this morning a turnover of 228 ME for the 3rd quarter of its fiscal year 2023, thus signaling an organic growth of + 13.2%, ‘in line with the consensus’ and Stifel’s expectations.
FY23 guidance is also confirmed in terms of revenue and EBITDA margin, but now the group is targeting the low end of its CAPEX targets, which Stifel considers ‘rather good news’ in terms of cash burn’
The analyst also believes that ARPAC data suggests that OVH could gradually improve its margins by raising its prices above the rate of inflation.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
