The analyst believes that while the 3rd quarter was very slightly below expectations, it was above all the cautious message about the end of 2024 and 2025 that was punished yesterday (-6%).

While the trend in the Financial Services and Technology sectors is improving, the sharp deterioration in the Manufacturing sector is weighing on us. With EPS 2024-26th revised by -2.5%/-5.7%/-3.8%, the investment thesis on CapGemini is not called into question', says the analyst firm.

The resilience of profitability and FCF should even be highlighted. On the other hand, the improvement in organic growth, the stock's main catalyst, has once again been pushed back a few quarters' adds Invest Securities.

While we remain convinced that Capgemini has one of the highest growth profiles among European NSEs, its realization will have to wait.

Invest Securities reiterates its Buy opinion with an unchanged target of 240 E.





Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.