Capgemini: Capgemini: two brokers share their opinion on the stock

Capgemini's share price has risen by over 5% in Paris, but is still down nearly 9% on a weekly basis, and nearly 20% since the start of the year. Against this backdrop, Oddo BHF reaffirms its 'outperform' rating on Capgemini, but lowers its target price from €207 to €176, after taking into account the fall in peer valuations and the rise in the WACC (weighted average cost of capital). Ahead of a first-quarter publication that it expects to be "without any unpleasant surprises", the research firm leaves its organic forecasts broadly unchanged, but cuts its EPS for 2025 and 2026 by 1.5% with an update of its currency assumptions. Despite the complicated macro context, Capgemini seems to us to have some interesting arguments in relation to its global peers", the analyst judges, citing limited exposure to the US federal public sector, a cautious annual guidance and a low valuation. For its part, UBS reaffirms its 'buy' recommendation on Capgemini, as well as its target of 220 euros, a target that holds 71% upside potential for the French IT services provider's shares, ahead of its quarterly business update. Although it is unlikely that the first quarter will be significantly impacted by customs duties, investors will be eager to see whether Capgemini still expects growth of around 1% at constant exchange rates and 2% in organic terms in the first half of the year', he warns. Copyright (c) 2025 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.