In a report released today, Charles Brennan from Jefferies maintained a Hold rating on Capgemini SE (0HAZ – Research Report), with a price target of €150.00.
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Charles Brennan has given his Hold rating due to a combination of factors influencing Capgemini SE’s current market position. The company reported better-than-expected top-line details for the first quarter, but there remains significant uncertainty in the broader market and among its peers, which may hinder a sustainable positive shift in investor sentiment.
Capgemini’s constant currency growth was slightly negative, and while the company has not observed any substantial impact on client decisions, the volatile macroeconomic environment continues to be a concern. The company’s guidance remains unchanged, with expectations for modest organic growth and slight margin improvements. These factors collectively suggest a cautious approach, justifying the Hold rating as the company navigates these mixed signals in its performance and market conditions.
According to TipRanks, Brennan is ranked #548 out of 9371 analysts.