Worldline, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Hannes Leitner from Jefferies maintained a Hold rating on the stock and has a €2.80 price target.
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Hannes Leitner’s rating is based on the anticipation that Worldline will not show significant underlying improvements in the upcoming third quarter results. The expectation is that while there might be some positive effects from annualized HRP and in-sourced contracts, the challenges with hardware sales comparisons are likely to continue, although they may ease by the fourth quarter.
Given the current situation, Leitner remains neutral as the company approaches its Capital Markets Day in early November. During this event, Worldline is expected to address its strategies for business stabilization and liquidity management over the next 18 to 24 months, which could provide further insights into the company’s future performance.
In another report released on October 11, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a €2.50 price target.