Esker is continuing its upward trajectory on the Paris Bourse on Wednesday, as analysts at Portzamparc have added the stock to their list of preferred small mid-caps and large caps ('High Five').

In a research note, the research firm states that it expects organic growth of 14.5% in 2023, in line with the forecasts (between 14% and 15%) provided by the specialist in the dematerialization of customer and supplier processes.

In addition to the strong increase in order intake expected in the second half of the year, Portzamparc expects the Group's margin to improve to 12% in 2024 and 14.5% in 2025, compared with an estimate of just 10% for 2023.

According to the analysts, who maintain their Buy recommendation with a price target of 174 euros, i.e. a 25% upside potential, the software developer presents a resilient profile in an uncertain economic environment.

Buoyed by these comments, Esker shares were up 1.7% on Wednesday morning, bringing their gains over the past month to over 12%. However, it is still down nearly 10% since the start of the year.

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