Charles Brennan, an analyst from Jefferies, maintained the Buy rating on Bytes Technology Group Plc. The associated price target remains the same with p380.00.
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Charles Brennan has given his Buy rating due to a combination of factors that highlight the potential for growth in Bytes Technology Group Plc. The company’s recent results for the first half of 2026 show a slight increase in gross profits, despite a year-over-year decline in EBIT. This performance aligns with market expectations and indicates that the company’s gross profit momentum is on an upward trajectory, which is a positive sign for future growth.
Looking ahead, Brennan notes that Bytes Technology Group has strong structural growth drivers and a robust pipeline, which are expected to support its performance. Although there may be some near-term volatility in the share price due to temporary factors affecting EBIT, the overall outlook remains positive. Management’s confidence in achieving a full-year outcome within the range of market expectations further supports the Buy rating, as it suggests that the company is well-positioned to navigate potential challenges and capitalize on growth opportunities.
In another report released on October 5, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p447.00 price target.