UK's Softcat rises after Panmure Liberum upgrades to 'buy'

Softcat

25/07/2025 09:16

** Shares of information technology company Softcat SCTS.L  up 1.6% at 1,634p

** Brokerage Panmure Liberum upgrades stock to "buy" from "hold", maintains 1,800p TP

** SCTS is well positioned to benefit from the structural growth of Cloud, AI and cyber security.. Cloud and software vendors are expected to continue to grow at double-digit rates in CY25/26 - Panmure Liberum

** SCTS raised its annual operating profit forecast in May

** Including session gains, stock up 7.1% YTD

 (Reporting by Subiksha S in Bengaluru)

 ((Subiksha.S@thomsonreuters.com))