Following Friday's release of Q1 sales of €1,395m, which were "2% ahead of expectations", Oddo BHF has maintained its Outperform rating on Sopra Steria shares and raised its target price from €236 to €242.

' Barring a significant slowdown in the market in Q2, the Group should be able to raise its annual guidance in July', notes the analyst.

' We believe that the share can continue its good run on the stock market, driven by this strong Q1 growth and the prospect of a guidance hike in July, while valuation remains low", notes Oddo BHF.

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