Analyst Charles Brennan of Jefferies maintained a Buy rating on Temenos (TMNSF – Research Report), boosting the price target to CHF75.00.
Charles Brennan has given his Buy rating due to a combination of factors that suggest a positive outlook for Temenos. One key reason is the recent disposal of Multifonds, which is expected to streamline the company’s operations and allow investors to concentrate on its future growth potential. This strategic move is anticipated to result in more transparent and robust financial results in the first quarter of 2025, providing a clearer picture of the company’s performance.
Additionally, despite acknowledging the presence of uncertainties within the sector, Brennan believes that the anticipated strong results will set Temenos on a favorable trajectory. The decision to raise the price target to CHF75 further underscores confidence in the company’s ability to achieve its growth objectives. Overall, these factors collectively support the Buy rating, indicating a positive sentiment towards Temenos’s future prospects.
According to TipRanks, Brennan is a 5-star analyst with an average return of 9.4% and a 62.33% success rate.