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On Friday, Goldman Sachs analysts reiterated their Buy rating for Dassault Systemes SE stock, maintaining a price target of €42.00. Currently trading at $37.15, near its 52-week low, InvestingPro analysis suggests the stock is undervalued. The reaffirmation follows Dassault Systemes’ revision of its financial plan ahead of its Capital Markets Day.
Management at Dassault Systemes announced a shift in the timeline for doubling its earnings per share (EPS), now expected by 2029, pushed back from the previous target of 2028. The company maintains strong fundamentals with an impressive 83.57% gross profit margin and has consistently paid dividends for 29 consecutive years. This adjustment suggests a compound annual growth rate (CAGR) of 15% for 2024-2029, compared to Goldman Sachs and Visible Alpha Consensus Data’s 9%.
Based on consensus estimates for 2025 EPS of €1.36, the revised plan indicates a 17% CAGR for 2025-2029, surpassing the consensus of 10%. The anticipated EPS growth is attributed to a gradual increase in revenue, expansion of the 3D UNIV+RSES platform, and strategic capital allocations, including mergers and acquisitions.
Goldman Sachs analysts are awaiting further details from Dassault Systemes’ management regarding revenue and margin drivers, as well as the impact of potential mergers and acquisitions on future growth. The EPS guidance implies a trajectory with more growth expected in the latter part of the medium term.
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