Dassault Systèmes: Invest Securities raises target price

(CercleFinance.com) - An analyst at Invest Securities today said that he is raising his target price for the Dassault Systèmes share, hailing a string of good news for the French group.


The strong end to 2018, ambitious targets for Q1 2019 and the group recently winning the Airbus contract validate the broker's investment case by which organic growth is expected to accelerate from 2019, mainly driven by its contract with Boeing, the adoption of the 3DExperience that seems to have been finally launched.This organic acceleration, combined with the contribution of acquisitions that have been completed (Centric Software, IQMS), as well as future deals, should enable the group to return to a much better growth momentum, the analyst says.

As a result, Invest Securities has increased its target price for the Dassault Systèmes stock from 128 euros to 138 euros, while it confirms its "buy" rating.


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