(CercleFinance.com) – The stock benefited from a gain of around 1.5% at the end of the day after organizing its Capital Markets Day 2023 last Friday.
During this day devoted to investors, the general management of Dassault Systèmes presented the Group’s activity, strategy and outlook for the next five years.
The Group believes that it is well positioned to capitalize on numerous long-term opportunities and thus achieve ambitious 2028 objectives: double-digit revenue growth and non-IFRS EPS of between €2.20 and €2.40. euros.
Oddo BHF reaffirms its ‘outperformance’ opinion and its price target of 49 euros on Dassault Systèmes, returning to a short investor day (CMD) organized by the enterprise software publisher.
“The format of this CMD may have surprised, even frustrated, some, but it should be remembered that the main strategic axes had been detailed a year ago”, notes the analyst who points to “still very solid objectives in organic terms” and of ‘strong confirmed M&A ambitions’.
‘The return to growth in China in the second quarter (confirmed during the CMD) and the good medium-term growth prospects, make it possible to put the current valuation into perspective, which even reflects a slight discount on peers’, he judges. .
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