GFT Technologies' shares rise supported by positive sentiments on its AI-related investments

GFT Technologies SE

06/03/2025 09:48

Recasts lede with positive share move, adds analysts comments, milestone

** Shares in German IT services & consulting GFT Technologies GFTG.DE jump up 5.5%, pares gains after rising as much as 15.5%, boosted by investors' positive reaction on the AI-related investments, an analyst says

** "The initial negative reaction was related to lower than anticipated adj. EBIT in 2025. However, it seems that investors are supporting the AI-related investments to pursue stronger growth in the future," says Andreas Wolf, an analyst from Warburg Research

** On Wednesday GFT said it would become an AI-centric company with revenue of about 1.5 billion euros  ($1.62 billion)by 2029

** The stock reversed its course from a 5% slide in pre-market, as it dropped on what a local trader described as a "disappointing" 2025 guidance

** Shares on track for the best day since November 2022

($1 = 0.9273 euros)

 (Reporting by Anastasiia Kozlova)

 ((Anastasiia.Kozlova@thomsonreuters.com))