Capgemini: Oddo says fears are exaggerated

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Capgemini shares, nudging up its target price for them from 216 euros to 218 euros, saying the market's fears about the French IT services group seem exaggerated.


Analysts say that market sentiment seems excessively negative, while Capgemini is expected to show real resilience in 2023 - both in terms of growth and margins. This is due to favourable business and sector exposure.

Remote working offers additional optimisation potential in continental Europe in the coming years. Finally, the group has the necessary resources to complete its expansion in the US and APAC, the broker adds.


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