(News Bulletin 247) – The group has just presented results and a roadmap appreciated by investors. Analysts are revising their copy upwards. Morgan Stanley maintains its market weighting recommendation with a price target raised from 8.30 to 9.10 euros while Société Générale maintains its buy recommendation and raises the price target from 10 to 12 euros.
KEY GRAPHIC ELEMENTS
The stock consolidates horizontally after an acceleration phase. The stock should start to rise again steeply. The objective is a gap left open by the market. Buyer volumes are very numerous.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on OVHCLOUD stock in the short term.
Active investors will take a purchase position on the OVHCLOUD stock at a price of €9,700 with a target of €12,640 in their sights. They will protect their capital by placing a stop at €7,890.
News Bulletin 247 advice
DAILY DATA CHART
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