Wavestone : Post-Forum update / Q3 preview: the upside does not seem to be entirely exhausted
>Outperform rating reiterated, target price raised to € 69 (vs € 60) post-Forum - After the share’s recent rally (+40% in 3 months, post-closing of the tie-up with Q_Perior), we choose to remain positive on Wavestone. The group is poised to genuinely change dimension (in terms of size and profile), which to our mind justifies the re-rating. It should be recalled that in our view the share offers a very specific status insofar as 1/ it is the only consulting pure playe...Wavestone SA, formerly Solucom SA, is a France-based company active in the information technology (IT) sector. It provides infrastructure consultancy services in the fields of telecommunications and networks, Strategy & management, IT transformation, IT Governance, IT architecture and Security & risk management. The Company operates through subsidiaries: Arcome, which offers marketing and technological innovation services for global companies in the information technology industry; Idesys, offerring consultancy services in the management and governance fields; New'Arch, which provides consultancy services in technical architecture of information systems; KLC, which offers consultancy services in information system and industrial investments for corporate clients; Cosmosbay-Vectis that offers business development and transformation consulting, and Xceed Group Ltd, which provides computer related services, among others.
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.
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