Henrik Paganetty, an analyst from Jefferies, maintained the Hold rating on adesso AG. The associated price target is €95.00.
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Henrik Paganetty has given his Hold rating due to a combination of factors including Adesso AG’s recent financial performance and market conditions. The company reported strong sales growth in the second quarter, with sales figures slightly surpassing market expectations. This growth was primarily driven by organic expansion, and profitability saw improvements due to better employee utilization and slower growth in operating expenses compared to sales.
Despite these positive indicators, the increase in headcount did not match the pace of revenue growth, which could be a point of concern. Additionally, while the company is undertaking a pricing review to ensure more consistent implementation, the current investment sentiment within certain sectors remains a challenge. These mixed factors contribute to the Hold rating, suggesting that while the company shows promise, there are still uncertainties that warrant a cautious approach.
According to TipRanks, Paganetty is a 3-star analyst with an average return of 3.7% and a 50.33% success rate. Paganetty covers the Technology sector, focusing on stocks such as ATOSS Software, adesso AG, and Jenoptik.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a €78.00 price target.