Wirecard: Oddo BHF optimistic ahead of Innovation Day
(CercleFinance.com) - Ahead of CMD that German electronic payments specialist Wirecard will hold in New York on 8 October, Oddo BHF has confirmed its buy rating on the share.
Alongside this buy rating, after updating the group's risk premium, it has raised its target price from 230 euros to 240 euros. This means upside potential of over 67% for this share, which it deems to be "always behind".
On the day, Oddo BHF expects Wirecard to raise its forecasts through to 2025 to incorporate the positive consequences of the group's partnership with Softbank. The broker could also raise its targets for 2019 - if it does, this would be the third time it increases them this year.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Alongside this buy rating, after updating the group's risk premium, it has raised its target price from 230 euros to 240 euros. This means upside potential of over 67% for this share, which it deems to be "always behind".
On the day, Oddo BHF expects Wirecard to raise its forecasts through to 2025 to incorporate the positive consequences of the group's partnership with Softbank. The broker could also raise its targets for 2019 - if it does, this would be the third time it increases them this year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.