Morgan Stanley analyst Adam Wood has maintained their neutral stance on CCC stock, giving a Hold rating today.
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Adam Wood has given his Hold rating due to a combination of factors impacting Computacenter’s financial outlook. The company reported strong revenue growth, particularly in Technology Sourcing, with North America and the UK showing robust performance. However, softer trading in Germany and France, especially in the public sector, has led to adjusted operating profit for the first half of 2025 being slightly ahead of the previous year but below market expectations.
Additionally, the completion of a share buyback program has resulted in a reduction in net interest income, further impacting profit expectations. While the company remains optimistic about its backlog and expects full-year operating profit to surpass the prior year, the anticipated adjusted profit before tax for the full year is likely to be similar to 2024 levels due to these headwinds. This mixed outlook, with some positive indicators but also notable challenges, supports the decision for a Hold rating.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a p2,446.00 price target.