Stifel Nicolaus analyst Chandramouli Sriraman maintained a Buy rating on Softcat (SCT – Research Report) yesterday and set a price target of p1,850.00.
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Chandramouli Sriraman has given his Buy rating due to a combination of factors that highlight Softcat’s strong financial performance and positive future outlook. The company reported impressive first-half results for 2025, surpassing expectations in several key areas. Notably, revenues were 6% higher than anticipated, driven by a significant rebound in hardware sales and steady growth in software and services.
Moreover, Softcat’s gross profit and operating profit exceeded consensus estimates, reflecting robust operational efficiency. The company’s earnings per share also outperformed expectations, indicating strong profitability. Additionally, Softcat has upgraded its guidance for the fiscal year 2025, suggesting confidence in continued growth. These factors, coupled with resilient key performance indicators and favorable market positioning, underpin Sriraman’s Buy recommendation.
In another report released yesterday, Redburn Atlantic also maintained a Buy rating on the stock with a £20.30 price target.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is neutral on the stock.