(Boursier.com) – Axway stands out this weekend with a title that soars 15.2% to 21.2 euros. It must be said that the software publisher has revised upwards its organic growth and profitability objectives for 2022 thanks to a historically high level of activity recorded at the end of the financial year. Axway now expects organic growth of between 4.5 and 5.5%, compared to 1 to 3% previously; and an operating profit from activity representing between 14 and 15% of revenues, against 12 to 14% previously. The annual results will be detailed on February 22.
SocGen reiterates its ‘buy’ opinion following this information and adjusts its target from 27 to 28 euros. To ‘keep’ on the file, Kepler Cheuvreux raises its target from 19 to 21 euros and CIC Market Solutions goes to ‘purchase’ by targeting 23 euros.
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