In a report released today, Martin Comtesse from Jefferies maintained a Buy rating on Bechtle Aktiengesellschaft (0DPM – Research Report), with a price target of €50.00.
Martin Comtesse has given his Buy rating due to a combination of factors that reflect both current challenges and future potential. Despite the recent withdrawal of FY24 guidance, which was caused by uncertainties in client investment decisions, the analyst maintains a positive outlook for Bechtle Aktiengesellschaft. Comtesse has adjusted the FY25 earnings per share estimate downward by 7%, yet believes that the market has already accounted for most of the negative developments.
Comtesse suggests that the current stock price has factored in these challenges, making it an opportune time for investment. The analyst emphasizes a steady growth rate and has set a new price target of €50, indicating confidence in the company’s future performance. This recommendation is supported by the belief that the worst of the negative news is already reflected in the stock’s valuation, providing potential upside for investors who buy now.
In another report released today, Warburg Research also assigned a Buy rating to the stock with a €51.00 price target.
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Bechtle Aktiengesellschaft (0DPM) Company Description:
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company’s customers are mainly in the industrial, trade, financial, and public sectors. Bechtle operates through two segments: IT System House and Managed Services, and IT E-commerce. The IT System House and Managed Services segment consists of IT strategy consulting, hardware and software sales, project planning and roll-out, system integrations, IT services and training, and client management, among others. The IT E-commerce segment includes e-procurement services, software solutions, and product marketing through the Internet and telemarketing.
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