Oddo BHF - DUTCH STAR C SHAR (DSC1) CM.com : Preview 2Q : focus remains on ARR where we see good momentum

Report

Oddo BHF

Wim Gille

CM.com : Preview 2Q : focus remains on ARR where we see good momentum

23/06/2025 1 EN

Underlying

DUTCH STAR C SHAR

See profile

NL0012747059 Netherlands

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

See profile

Analysts

Wim Gille

Other Reports on these Companies

ING Financial Markets

CM.com/Tempered growth expectations/HOLD (previously Buy)

We downgrade our rating from Buy to HOLD and lower our target price to €6 per share (from €9). We believe the company's growth profile has become more uncertain, and less attractive in our view. We still view CM.com's one-stop-shop as unique and still forecast gross profit growth of 10% by 2028, but we believe the path forward will be more gradual. For us to become more positive on the case, we would need to see more material growth impact from non-Connect business units (Engage, Pay, Live), and hence see those business units becoming significantly more dominant than lower margin Connect.

July 29, 2025 July 29, 2025 1 EN

Oddo BHF

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 07/23/2025

July 23, 2025 July 23, 2025 1 EN

Oddo BHF

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 23/07/2025

July 23, 2025 July 23, 2025 1 FR

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 08/15/2025

5h / 17m 5h / 17m 1 EN

Benoit Valleaux ... (+5)

Benoit Valleaux
Roland Pfaender
MBA
CFA
CCRA

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 08/15/2025

5h / 17m 5h / 17m 1 EN

Ghada Ben Sedrine ... (+2)

Ghada Ben Sedrine
Nicolas David

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 15/08/2025

5h / 23m 5h / 23m 1 FR

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

CM.com : Preview 2Q : focus remains on ARR where we see good momentum

CM.com/Tempered growth expectations/HOLD (previously Buy)

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 07/23/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 23/07/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 08/15/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 08/15/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 15/08/2025

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe