Jefferies analyst Charles Brennan maintained a Hold rating on Capgemini SE today and set a price target of €115.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Charles Brennan has given his Hold rating due to a combination of factors, notably that Capgemini’s first-quarter performance was among the strongest in its sector yet leaves open whether this pace can be maintained in a broader market facing muted growth. He also notes that the company’s reported organic revenue expansion of about 4.5% is solid, but not sufficiently differentiated to justify a more aggressive stance at this stage.
In addition, he points out that while Capgemini’s valuation is reasonable, this is broadly true across comparable peers in a sector that has already undergone a significant de-rating. As a result, he judges that the current share price already embeds the company’s medium-term growth outlook, leading him to reaffirm a neutral position with an unchanged price target of $115, rather than moving to a more positive or negative recommendation.