Bildkälla: Stockfoto

Gofore: Q1 to be toughest quarter in terms of growth - SEB

We expect Gofore’s organic growth in Q1 to be marginally negative and we have slightly cut our 2024E growth rates as we do not expect a rapid market turnaround. However, the company should be able to show healthy profitability; also, we think Gofore remains well positioned when the market does pick up because it has not resorted to employee layoffs. We adjust our fair value range to EUR 27-30 (EUR 28-30).

We expect Gofore’s organic growth in Q1 to be marginally negative and we have slightly cut our 2024E growth rates as we do not expect a rapid market turnaround. However, the company should be able to show healthy profitability; also, we think Gofore remains well positioned when the market does pick up because it has not resorted to employee layoffs. We adjust our fair value range to EUR 27-30 (EUR 28-30).
Börsvärldens nyhetsbrev
ANNONSER