Invest Securities has reiterated its 'buy' rating on Capgemini, raising its target price from €228 to €244, on the heels of the company's annual results, which underscored the expected resumption of growth in 2024.

After a sharper-than-expected first-quarter contraction, management indicated that organic growth should reach +5% to +9% in the final quarter of 2024, paving the way for solid on-board growth in 2025", the analyst points out.

This scenario, which is in line with our expectations even if the amplitude of performance from one quarter to the next is more marked than expected, confirms our 2024-25 estimates, with adjusted 2024-25 net sales of +0.1%/+1.8%", he continues.

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