(News Bulletin 247) – Oddo BHF reiterates its ‘outperformance’ opinion and its target price of 38 euros on Kalray, after a publication in line with its expectations and which testifies to an initial acceleration of the commercial phase and confirms its forecasts on 2023.
‘The major new contracts signed in the first half and the rise of the Dell partnership tend to give more credibility to the company’s objectives for the current financial year’, considers the analyst in charge of the file.
While Kalray has experienced some delays in its commercial execution since its IPO in 2018, Oddo BHF believes that after years of investment, ‘the newsflow to come should definitively record the change in profile and the potential of Kalray in the long term’.
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.
