In a report released today, Charles Brennan from Jefferies maintained a Sell rating on Dassault Systemes (0HB4 – Research Report), with a price target of €28.00.
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Charles Brennan has given his Sell rating due to a combination of factors that highlight potential challenges for Dassault Systemes. The company has consistently missed its guidance midpoint in five out of the last six quarters, indicating a pattern of underperformance. This trend raises concerns about the company’s ability to meet its financial targets and maintain investor confidence.
Additionally, the unchanged full-year guidance suggests the need for accelerated growth amidst increasingly challenging market conditions, which poses a risk to future forecasts. Brennan anticipates that investor focus will shift towards the upcoming Capital Markets Day (CMD) and any potential revisions to the company’s mid-term guidance. As a result, he has lowered the price target to €28 while maintaining an Underperform rating.
According to TipRanks, Brennan is a 5-star analyst with an average return of 10.1% and a 63.84% success rate.