Citi restarts Capgemini with 'buy' as growth recovers

Capgemini SE

04/11/2025 09:18

** Citigroup reinitiates coverage of Capgemini CAPP.PA with "buy", saying the French IT firm is "not out of the woods" yet but adding that signs of growth recovery are in place

** "The group's gradual recovery in growth seems to be gaining foothold," the brokerage says, adding that Capgemini bridges its growth gap to peers

** Citi notes that over last two years both weak demand and potential AI risk weighed on the company's shares

** It says the current valuation does not adequately reflect Capgemini's return to growth

** Out of 18 analysts that cover the company, 14 rate the stock "strong buy" or "buy," and ​three rate it "hold" - LSEG data

 (Reporting by Jérôme Terroy)

 ((jerome.terroy@thomsonreuters.com))