(CercleFinance.com) – The stock ended the day up nearly 3%. Invest Securities indicates in its study of the day that “the fundamentals remain excellent, as demonstrated by the results for the fourth quarter of 2021 and the guidance for 2022”, and that the group could carry out a structuring and accretive acquisition as early as 2022.
While reiterating its ‘neutral’ opinion adopted in July 2021 on Dassault Systèmes, Invest Securities reduces its price target from 48 to 40 euros, and considers it ‘difficult to adopt a more positive opinion’ despite a 21% decline in the stock since the start of the year.
Invest Securities nevertheless considers that the Dassault Systèmes title, ‘like all high-multiple growth stocks, could be led to underperform throughout the rate hike phase’.
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