Dassault Systèmes: UBS still on hold
(CercleFinance.com) - UBS confirms its neutral rating on the stock with a target price of 43 euros (current price: 35.
6 euros, -2%).
"We hosted management with investors recently. The outlook remains constructive. M&A remains possible", it says.
Dassault Systèmes has confirmed its 2022 target of 9%-10% growth in non-IFRS revenue, although has increased its non-IFRS EPS target range to 1.08 to 1.10 euro, i.e. 14%-16% growth.
Also on a non-IFRS basis, the enterprise software company reported 21% growth in second quarter EPS to E0.26, ahead of guidance, despite a 0.2 point decline in operating margin to 32%.
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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.
6 euros, -2%).
"We hosted management with investors recently. The outlook remains constructive. M&A remains possible", it says.
Dassault Systèmes has confirmed its 2022 target of 9%-10% growth in non-IFRS revenue, although has increased its non-IFRS EPS target range to 1.08 to 1.10 euro, i.e. 14%-16% growth.
Also on a non-IFRS basis, the enterprise software company reported 21% growth in second quarter EPS to E0.26, ahead of guidance, despite a 0.2 point decline in operating margin to 32%.
Copyright (c) 2022 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.