Dassault Systemes (0HB4 – Research 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.