Oddo BHF maintains its "outperform" rating on Wavestone shares, with a target price raised from €51 to €59 after the company published "solid results in line with expectations" for FY 2024/25.

Net income came in at €75.6m (spot on Oddo BHF's estimate of €75.6m, and vs. VA consensus €76.7m), up 30% y/y (mainly due to lower one-off expenses).

"Wavestone has set itself the target of achieving organic growth and an operating margin of >13% for FY 2025/26, which is reassuring given the uncertainties and lack of visibility," the analyst said.

This is a reassuring publication, with indications that support our scenario of limited growth in 2025/26 (+0.9% organic) but prompt us to raise our bottom-line forecasts slightly between now and 2028, he concludes.


Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are provided solely as a decision-making aid for investors. Cercle Finance cannot be held liable, directly or indirectly, for the use of such information and analyses by readers. Anyone who is not an expert in the field should consult a professional advisor before investing. This information is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy.