ATOSS Software (0N66 – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Henrik Paganetty from Jefferies maintained a Hold rating on the stock and has a €120.00 price target.
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Henrik Paganetty has given his Hold rating due to a combination of factors, primarily focusing on the premium valuation of ATOSS Software. Despite the company’s strong structural growth, high levels of recurring revenue, and robust profitability, the valuation at 46 times the projected earnings for 2025 appears to be a significant consideration.
While the price target has been adjusted upwards from €108 to €120, largely due to updates in the discounted cash flow model, the Hold rating reflects a cautious stance. The potential for a quicker-than-anticipated expansion in Europe could act as a positive catalyst, but the current valuation metrics suggest a balanced approach is prudent.
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