Gofore: Recent deals should give visibility on H2 growth - SEB

Ahead of Gofore’s Q2, our estimates are trimmed slightly due to its exit of the product design business, which was part of the acquired Huld. After organic growth delivery of 2% in H1, we look for further confidence in our H2 organic growth estimates of 3-5%. Following the estimate changes and continued slide in peer valuations, our fair value range is down a notch to EUR 16-18.

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