Oddo BHF initiates coverage of Sidetrade
April 26 2023 - 1:07AM
Oddo BHF initiates coverage of Sidetrade
Global AI-powered Order-to-Cash platform,
Sidetrade, announced an agreement with the
pan-European broker and investment bank Oddo BHF to strengthen its
visibility on international stock markets.
Oddo BHF initiated coverage of Sidetrade with
an ‘Outperform’ rating and a target price of EUR 188 based
on 1/a qualitative positioning in a buoyant context for
Order-to-Cash solutions, 2/its recognized Cloud/SaaS technology,
3/a solid business model, and 4/the means to meet its ambitions of
joining the 'Centaur' club further out.Oddo BHF’s report, titled
‘It always pays off in the end’, is available from Oddo BHF
or on:https://www.sidetrade.com/company/investors/.
Matthias Desmarais, Head of Equities, Oddo
BHF Corporates & Markets, commented: "We are delighted to
support Sidetrade in its stockmarket adventure. Its history
resonates with the DNA of the ODDO BHF Group, and its positioning
is perfectly in line with our strategic priorities."
Oddo BHF is present in the main financial
markets, notably Paris, Frankfurt, Zurich, Geneva, Hong Kong and
New York. With offices in more than ten countries throughout
Europe, Asia and America, Oddo BHF provides Sidetrade with
international coverage.
Oddo BHF will regularly issue research reports
on Sidetrade in line with business developments for the company and
will organize meetings with targeted investors. Sidetrade is also
followed by the Gilbert Dupont (Société Générale Group) broker,
which initiated coverage of Sidetrade in July 2009, as well as by
TP ICAP Midcap since October 2020.
* All reports on Sidetrade prepared by
analysts represent the opinions of those analysts and not
necessarily those of Sidetrade. The information in such reports
does not constitute an offer to sell or subscribe or a solicitation
of an offer to buy or subscribe to any security in France, Europe,
the United States, or any other country.
Next financial
announcementFirst quarter 2023 revenue: May 10, 2023 (after
market)Investor & Media relationsChristelle Dhrif
+33 6 10 46 72
00
cdhrif@sidetrade.comAbout Sidetrade
(www.sidetrade.com)Sidetrade (Euronext Growth:
ALBFR.PA) provides a SaaS platform dedicated to securing and
accelerating cash flow. Sidetrade’s next-generation AI, nicknamed
Aimie, analyzes $4.6 trillion worth of B2B payment transactions
daily in the Sidetrade Cloud to predict customer payment behavior
and the attrition risk of more than 21 million companies worldwide.
Aimie recommends the best cash collection strategies, intelligently
automates actions on the Order-to-Cash process, and dematerializes
customer transactions to enhance productivity, performance and
working capital management. Sidetrade has a global reach, with 300
talented employees based in Paris, London, Birmingham, Dublin,
Houston, and Calgary, serving global businesses in more than 85
countries. Amongst them: Tech Data, Expedia,Criteo, DXC, Veolia,
Inmarsat, and Biffa.Sidetrade is now a participant of the United
Nations Global Compact and adheres to its principles-based approach
to responsible business.For further information, visit us at
www.sidetrade.com and follow us on Twitter @Sidetrade.
In the event of any
discrepancy between the French and English versions of this press
release, only the French version is to be taken into account.
- @Oddo BHF initiates the coverage of Sidetrade (ALBFR.PA) with
an ‘outstanding’ rating and a target price of €188.
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