While remaining 'neutral' on Dassault Systèmes, Invest Securities has adjusted its price target from €40 to €38, 'in anticipation of finding an entry point for a stock whose fundamentals are far superior to those of other European Tech players, but which is appropriately valued'.

Against a backdrop of deteriorating macroeconomic conditions, which are fuelling uncertainty and/or profit warnings, the excellent quarterly results published yesterday morning are reassuring and provide a cushion for full-year results", the analyst believes.

The research firm also believes that the solid sales momentum of the third quarter is only partially reflected in the quarterly results, and will continue to fuel earnings in the coming quarters.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.