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Gofore’s Q1 showed slight weakness y/y due to working day differences and lower billing rates due to changes in a customer’s deliveries, but overall progress remains good. With the recent share price rally, we lower our rating to HOLD (BUY), with a TP of EUR 21.0.

Source: Finwire News.

Gofore is a digital services company that has grown strongly since operations started in 2002. We offer modern digitalisation services that enable operators in the private and public sectors to meet digital change. Our services span the entire value chain – from management consultation to service design and implementation, as well as cloud services. Our mission is to change the world for the better through digitalisation and by renewing ways of working. Staying on top and ahead of the development requires us to be fast-paced, regenerative and competitive.