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Challenging Market Conditions and Slow Product Transition Drive Sell Rating for Dassault Systemes

Challenging Market Conditions and Slow Product Transition Drive Sell Rating for Dassault Systemes

Dassault Systemes (0HB4Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Charles Brennan from Jefferies maintained a Sell rating on the stock and has a €27.00 price target.

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Charles Brennan has given his Sell rating due to a combination of factors impacting Dassault Systemes. The market environment remains challenging, as highlighted by feedback from a platinum reseller of Catia/PLM, indicating that macroeconomic volatility is affecting customer decision-making processes. This uncertainty in the market is a significant concern for the company’s performance.
Additionally, the anticipated Gen 7 products are not expected to quickly drive customer transitions to the 3DExperience platform. There is no immediate indication that these new offerings will serve as a catalyst for growth. As a result, the outlook for Dassault Systemes appears to be more favorable in the latter part of the year, reinforcing the decision to maintain an Underperform stance.

According to TipRanks, Brennan is a 5-star analyst with an average return of 11.1% and a 66.38% success rate. Brennan covers the Technology sector, focusing on stocks such as SAP SE, Dassault Systemes, and Capgemini SE.

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