Analyst Martin Comtesse from Jefferies maintained a Buy rating on Bechtle Aktiengesellschaft and keeping the price target at €48.00.
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Martin Comtesse has given his Buy rating due to a combination of factors that suggest a positive outlook for Bechtle Aktiengesellschaft. The company has shown a more optimistic stance, especially in contrast to recent challenges faced by competitors like Cancom. Notably, Bechtle’s management has highlighted early signs of recovery, particularly driven by favorable developments in Germany’s public sector, which persisted into July.
Furthermore, Bechtle has reported a 5% increase in business volume alongside sequentially improved margins, indicating a potential turning point for the company. These factors, coupled with the confirmation of their fiscal year 2025 targets, suggest a promising trajectory for Bechtle, reinforcing the Buy rating from Martin Comtesse.
According to TipRanks, Comtesse is an analyst with an average return of -1.7% and a 39.39% success rate. Comtesse covers the Technology sector, focusing on stocks such as Bechtle Aktiengesellschaft, INFICON Holding AG, and CANCOM SE.
In another report released on August 1, Warburg Research also maintained a Buy rating on the stock with a €44.00 price target.