0931 GMT - Dassault Systemes set new midterm targets that appear less demanding than before, Berenberg's Nay Soe Naing says. However, the new targets leave limited upside potential, the analyst says. The French software maker on Friday said it aims to double its non-IFRS diluted earnings per share by 2029. This implies an EPS of 2.56 euros by 2029, the analyst says in a research note. The company's approach to arrive at that target is seen as too abstract. It requires further clarity, especially when it comes to the monetization strategy of cloud migration and AI, the analyst says. "Given the strategic importance of this new growth component, we believe more clarity from the company is needed to help investors better understand and underwrite the potential upside." Shares trade 0.4% higher at 32.47 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
June 09, 2025 05:31 ET (09:31 GMT)
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