On Friday, Stifel initiated coverage of Sword shares with a Buy recommendation and a price target of 60 euros, indicating a potential upside of around 29%.

In a research note published this morning, the analyst explains that this small technology consulting company, specialized in data processing, has one of the highest organic growth rates in the sector, thanks to its positioning in very specific markets.

However, according to his calculations, its valuation multiples do not adequately reflect the company's 'unique' growth, which makes it a 'special' investment opportunity.

'To put it bluntly, this company could be acquired at any time, either as a whole or by business segment', he concludes in his note.

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