Capgemini shares break through €127.65 and rise 3% intraday
The IT services group extends a rebound that has been underway for several weeks and moves out of the bottom of the Paris index, where it stood the previous day. It benefits from two recent target price increases by brokerage firms, in a rising market.
A €127.65 threshold broken intraday, now serving as support
Capgemini shares gained 3.19% to €129.20 after breaking intraday through the €127.65 resistance level, which now serves as support. This level corresponds both to the highest of the last 30 sessions and to that of the last 150 sessions.
The stock ranks among the largest gainers in the CAC 40, while the index rose 2.09%.
The move extends the momentum of the month: +18.6% over one month and +5.2% over the week, with the price 5.7% above its 20-day moving average and 22.7% above its 200-day moving average. The RSI at 68 remains below the overbought zone. The next upside marker is resistance at €151.85.
Citi and Oddo BHF raise their target, up to €161
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Two brokerage firms revised their opinions upward at the beginning of the week. Citi raised its target from €140 to €150 with a buy rating on November 3, representing a potential of 16% relative to the day's price.
The previous day, Oddo BHF had raised its target from €147 to €161, with an outperform rating, implying a potential of approximately 25%. These increases follow the publication of the third-quarter revenue, up 11.7%, accompanied by a raised annual target.
The group also launched in October a €600 million share buyback program, which was approximately 52% executed as of November 3.
SectorLogiciels et services numériques›Services IT et conseil
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Context
Period
Period: T3 2026
Key reported figures
Revenue: 6 073 millions d'euros
Quarterly revenue: 6 073 millions d'euros
Revenue growth: 12,6 %
Guidance from the release
« Forts de ce trimestre, nous relevons notre objectif de croissance du chiffre d'affaires pour 2026, désormais compris entre +9,0 % et +9,5 % à taux de change constants, tout en confirmant nos objectifs de marge opérationnelle et de free cash flow organique. »
Opportunities identified
Demande croissante pour la transformation des entreprises par l'IA agentique
Modernisation de l'infrastructure technologique et déploiement du nouveau stack technologique
Opportunités dans le secteur de la défense et autour des enjeux de souveraineté
Outlook / guidance
Expected revenue: 24 543 millions d'euros
Management commentary: « Pour l'exercice 2026, le Groupe vise désormais les objectifs financiers suivants : Une croissance à taux de change constants du chiffre d'affaires de +9,0 % à +9,5 % (contre précédemment de l'ordre de +8,5 % à +9,0 %). »
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
