Capgemini Shares Drop 2% to €103.10

Oddo BHF Lowers Target to €143

This Wednesday, Oddo BHF reduced its price target on Capgemini to €143 from €160, while maintaining an outperform rating. Based on the current price, the new target implies a theoretical potential of about 38% compared to today's level. This revision occurs on the same day as the annual general meeting, the first event in the group's 2026 calendar. The session interrupts the rebound observed the previous day, when the stock had gained 4.71% to €105.65, leading the CAC 40. This time, Capgemini occupies the last position in the Parisian index, behind Hermès (-1.15%) and Renault (-0.96%). Over a year, the stock remains down by 31.57%, despite a weekly gain of 4.13%.

Stock Struggles at the MM200

The stock is trading at €103.30, slightly above its MM20 (€102.41) and touching its MM50 (€102.82), with a gap of 0.47%. The MM200 at €121.33 remains 14.86% above the price, indicating a persistent lag in the long-term trend. The RSI at 55 remains neutral. Today's decline occurs before the technical challenge at €110.60, a recognized resistance level. As a reminder, on May 6, Capgemini placed a bond issue of €800 million with a 7-year maturity, which was oversubscribed by 2.7 times, featuring a coupon of 3.875%. The operation aims to refinance a loan that matured in April. The results for the first half of 2026 are expected on July 30.