Capgemini Stock: Shares Drop Nearly 2% Following New Roadmap Presentation
The digital services group's stock falls midday, following the presentation of its strategic plan for 2028. The movement occurs as Oddo BHF and Invest Securities update their targets. The session remains tough for the group, going against a CAC 40 that is itself on a downward trend.
Capgemini's Shares Fall 2.12%, Among the Biggest Drops in the CAC 40
Capgemini loses 2.12% at €98.52, while the CAC 40 is down 0.46% during the session. The stock is among the biggest losers in the CAC 40, trailing Dassault Systèmes (-5.82%).
The movement extends from the previous session, marked by the presentation of the 2028 strategic plan focused on agent-based AI, aiming for an annual compounded revenue growth of 5.5% to 7.5% between 2025 and 2028. Over the week, the decline reaches 3.32%, and it stands at 7.88% over three months.
Regarding analysts, two firms updated their opinion this Thursday. Oddo BHF raised its price target from €143 to €165.72. Invest Securities, with a buy rating, lowered its target from €200 to €198, representing a theoretical potential of more than 100% compared to the current price. According to the consensus of surveyed analysts, the stock is priced at approximately 7.7 times the earnings of the current fiscal year.
The Stock Falls Below Its Three Moving Averages and Approaches the €96.70 Support
From a technical perspective, today's decline has pushed the stock below its short-term moving averages: the MM20 (€102.40) and the MM50 (€102.24) remain above the price, with a gap close to 3.7%. The MM200, at €120.70, reflects the medium-term downturn, with the price trading 18.4% below it. The RSI at 46 remains neutral, showing no oversold signal.
The identified support at €96.70 is now close, less than 2% from the current price. Beyond the fundamental drop (-33.97% over a year), the stock remains distant from the resistance at €110.60, the last rebound point observed in early May.
