Planisware Stock Jumps 5.45% at Midday Following Buy Recommendation

Significant Increase Amidst Limited Trading Volume

Planisware's stock marked a 5.45% increase at midday on Monday, December 15, reaching 22.25 euros after closing at 21.10 euros the previous day. This rise occurred on low trading volumes, with only 0.06% of the capital exchanged, highlighting the stock's limited liquidity. Kepler Cheuvreux initiated coverage of the stock with a buy recommendation and a target price of 26 euros, indicating a potential upside of nearly 17% from the current price. This positive recommendation comes after several challenging months for the French SaaS software publisher. Over a week, the stock has gained 5.2%, and over three months, it has increased by 21.98%, showing a gradual recovery. However, its annual performance remains negative at 18.66%, compared to the CAC 40's gain of over 8%. The current price has just surpassed the resistance threshold identified at 21.85 euros, confirming the continuation of the bullish momentum. The broker's analysis is based on several fundamental arguments. Following a cyclical low in the second and third quarters of 2025, Planisware is showing early signs of recovery, with a strengthened recurring revenue engine now accounting for 90% of total revenue, and the rapidly developing SaaS segment. This shift towards a SaaS model is expected to improve margins, enhance cash flow generation, and increase visibility on future results. However, the broker notes that the stock is currently trading at a discount due to its recent stock market history and target revisions, suggesting a revaluation potential as growth normalizes and market confidence is restored.

Current Rebound Follows a Challenging Year

The current rebound follows a particularly difficult year in 2025 for Planisware. The company had to revise its annual targets downwards last July, from an expected growth of 15-20% to about 10% at constant exchange rates, due to longer sales cycles and an uncertain macroeconomic context. In the third quarter of 2025, the group reported a revenue of 49.6 million euros, up 9% at constant rates, primarily driven by SaaS and hosting contracts. Management described 2025 as an atypical year compared to a generally stable set, characterized by historical growth rates between 15 and 20%. Additionally, Planisware announced on Wednesday, December 11, the opening of an office and two data centers in Australia, continuing its expansion in Asia-Pacific where it is already present in Singapore, Japan, and South Korea. This establishment aims to strengthen proximity with existing customers and accelerate local commercial development in a dynamic market where the group has recorded an average annual growth of 33% between 2020 and 2024. The stock also benefits from a buyback program launched in September for a maximum amount of 10 million euros, intended to cover upcoming stock compensation plans.

Technical Outlook Shows Favorable Short-Term Trend

From a technical standpoint, the stock is now trading above its 20-day and 50-day moving averages, established at 20.58 euros and 20.48 euros respectively, confirming a favorable short-term trend. The RSI is at 61, in a neutral to slightly bullish zone, indicating regained momentum without signaling excess. This level suggests that the movement is still supported by sustained buying interest, while leaving room before reaching the overbought zone beyond 70. This contrasts with the level of 81 observed on December 9, which triggered profit-taking and a 3.43% pullback during the session. The MACD shows a line at 0.16 and a signal line at 0.07, generating a positive histogram of 0.09, which confirms the bullish momentum in the short term. The price is also in contact with the upper Bollinger band set at 22.05 euros, indicating increased volatility and sustained bullish momentum. The one-month volatility is at 9.12%, while a beta of 0.09 shows a relative independence of the stock from the fluctuations of the Paris index. The distance with the 200-day moving average, still located at 21.94 euros, remains small, suggesting that the stock could soon cross this symbolic level and completely erase the correction suffered since the beginning of the year. Investors remain attentive to the next quarterly publications and Planisware's ability to return to growth rates more aligned with its historical standards.