Thales: Oddo raises target price

(CercleFinance.com) - In a report issued this Monday morning, Oddo has raised its target price for the Thales share from 107 euros to 113 euros, reinstating its “buy” rating.


The broker welcomes the group's unique positioning in the digital sector and the fact that it operates in buoyant markets. In this context, Thales is confident that its gross and operating margins will continue to improve in the coming years, despite increases in R&D spending.

Gemalto's upcoming acquisition represents a major step forward in the digital domain, with a focus on data protection, secure connected objects and identity protection, Oddo summarises. The broker also estimates a 10% margin in signalling beyond 2020 through the development of less costly hardware technologies.


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