Charles Brennan, an analyst from Jefferies, maintained the Buy rating on Temenos. The associated price target remains the same with CHF85.00.
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Charles Brennan’s rating is based on the assessment that Thought Machine, once considered a significant threat to Temenos, is not as disruptive as previously anticipated. This revelation alleviates some concerns regarding market competition for Temenos.
Additionally, while Temenos has faced challenges, particularly those stemming from internal management changes, the reduced competitive pressure from Thought Machine provides a more stable outlook for the company. This combination of factors contributes to a more favorable risk profile for Temenos, supporting the Buy rating.
In another report released on September 23, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a CHF74.00 price target.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TMNSF in relation to earlier this year.