Capgemini Jumps Nearly 7% and Leads the CAC 40

Capgemini's Session Performance

Capgemini gains 6.71% to €104.30 during the session, while the CAC 40 progresses by 0.87%. The stock takes the lead in the index, ahead of Dassault Systèmes (+4.91%) and Airbus (+3.18%). The rebound brings the weekly performance to 3.63% and allows the stock to move back above its MM20 (€101.83) and MM50 (€102.18), with a gap of about 2% in both cases. However, the MM200 remains distant at €120.20, which is 13.23% above the current price, indicating a still deteriorated long-term trend (the loss over one year reaches 28.56%). The RSI at 43 remains in the neutral zone, indicating that the day's acceleration has not yet exhausted the short-term technical potential. The identified resistance at €109.10 is now the next hurdle.

Deutsche Bank Lowers Target but Maintains Buy Rating

Deutsche Bank reduced its price target from €140 to €125 on June 2, while reaffirming its buy recommendation. The new target still offers nearly 20% potential compared to the current price. This adjustment follows the presentation on May 27 of the 2028 roadmap focused on agentive AI, aiming for an annual organic growth of 5.5% to 7.5%. Financially, the group had also secured its refinancing at the beginning of May with a bond issue of €800 million over seven years, which was oversubscribed by 2.7 times. According to the consensus of analysts surveyed, the stock is trading at about 8.1 times the expected earnings for the current fiscal year and 7.6 times those of the following year, with an estimated EPS growth of 6.6% between the two.