Euronext N.V. : Attractive timing to go long again
Entry price | Target | Stop-loss | Potential |
---|
€79.1 |
€88 |
€74 |
+11.25% |
---|
Shares in Euronext N.V. are retreating towards the lower bound of a horizontal trading range. Investors could use the proximity of this support area to initiate new long positions.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 71.8 EUR
Weaknesses● The company's "enterprise value to sales" ratio is among the highest in the world.
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Surperformance is Buy on EURONEXT N.V. since 2023-10-11
.