BESI: Oddo BHF raises TP

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on BE Semiconductor Industries (BESI) shares, raising its target price for them from E100 to E115.


The analyst reviews the group's CMD and its "contrasting" message, with, on the one hand, a slower-than-expected penetration of hybrid bonding in smartphones and tablets than had been indicated, while on the other, a very confident tone for the rest of the business.

All said, analysts are maintaining their outlook unchanged for 2023/24 and are raising their 2027 EPS estimates by about 10%.


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