74Software rises after new 2028 targets

74Software SA

26/02/2026 09:09

** Shares in 74Software 74SW.PA jump 6% after announcing new medium-term financial targets along with in-line FY results

** The French software company announced targeting revenue close to 800 million euros ($944.32 million) by the end of 2028, with an operating margin of approximately 20%

** It added the new 2028 outlook is supported by continued SBS profitability improvement, portfolio mix optimization and continued working capital optimization

** TP ICAP Midcap notes that 2028 targets are replacing previous 2027 objectives set at the time of the SBS acquisition

** The broker reiterates its "buy" rating and raises its price target to EUR 46.0 from EUR 44.4, saying the results reinforce its positive view on the stock

** Prior to today's trading session, the stock was down 22.2% year-to-date

($1 = 0.8472 euros)

 (Reporting by Clement Martinot)

 ((Clement.Martinot@thomsonreuters.com;))