Chloe Lemaire, an analyst from Jefferies, maintained the Hold rating on Thales (0IW5 – Research Report). The associated price target remains the same with €240.00.
Chloe Lemaire’s rating is based on several factors, including Thales’s recent financial performance. The company reported sales that exceeded expectations by 3%, reaching €4.96 billion, which represents a 10% organic growth. This growth was primarily driven by the defense sector, which saw a 15% increase. However, the overall order intake was weaker than anticipated, showing a 25% year-over-year decline to €3.78 billion, with defense orders dropping significantly by 58%.
Despite the strong sales figures, the substantial decrease in orders, particularly in the defense segment, suggests potential limitations on the stock’s performance. Additionally, while the company’s guidance remains unchanged, the impact of tariffs is expected to be minimal due to existing mitigation strategies and contractual protections. These mixed signals contribute to the Hold rating, as the positive sales growth is counterbalanced by concerns over future order volumes.
In another report released on April 9, Kepler Capital also maintained a Hold rating on the stock with a €230.00 price target.