SOITEC : Berenberg lowers target, remains Buy
Although the semiconductor materials specialist recently revised its outlook downwards to 2026, the quality of the company's case remains intact from a long-term perspective, according to the analyst in a note released this morning.
Admittedly, the forecasts unveiled for the 2023/2024 financial year are below expectations, but they are nonetheless less bad than the market might have feared, he adds.
After the slowdown in growth expected for the 2023/2024 financial year, growth should make a comeback thereafter, promises the intermediary, who believes that the share's valuation remains attractive in view of the growth expected from the 2024/2025 financial year onwards.
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