Stifel reaffirms its 'buy' recommendation on Esker and raises its target price from €200 to €210, following the software company's presentation of a performance described as 'remarkable' for the second quarter.

While management has maintained its full-year guidance of 12-14% revenue growth, the broker believes that the growth momentum confirms its view that the group should be able to do better, and raises its target to 15% in the second half.

Esker is not totally immune to the political crisis in France, but its solid publication shows once again that it remains one of the best growth and quality stocks among French SMEs", according to Stifel.

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