Capgemini stock fell 2.85 percent on October 2 after target cut

Published on 10/03/2026 at 21:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Capgemini stock traded at EUR 108.90 on October 2, 2026, after H1 revenue reached EUR 12.082 billion. Full-year growth guidance now spans 8.5 to 9.0 percent.

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Capgemini stock (ISIN FR0000125338) was last at EUR 108.90 on Euronext Paris on October 2, 2026, at 5:38 p.m. CEST, down 2.85 percent from the prior session. The immediate catalyst was Barclays cutting its price target from EUR 135 to EUR 130 while maintaining an overweight rating, according to Ideal Investisseur on October 1, 2026.

Barclays lowers its target

The revised EUR 130 target remains EUR 21.10 above the October 2 reference price, equivalent to 19.4 percent above the price. The change gives investors a clear measure of the gap between the latest quote and Barclays' valuation, while the unchanged overweight rating keeps the research view constructive.

The stock also remains EUR 44.15 below its 52-week high of EUR 153.05 and EUR 23.28 above its 52-week low of EUR 85.62. Its October 2 trading range ran from EUR 108.90 to EUR 114.90, with volume of 810,814 shares.

H1 growth supports the case

Capgemini reported H1 2026 revenue of EUR 12.082 billion, up 8.8 percent on a reported basis, while EBITDA margin reached 12.5 percent and net income stood at EUR 498 million, according to Ideal Investisseur in its October 1, 2026 report.

Management raised its full-year constant-currency revenue growth guidance from 6.5 percent to 8.5 percent to 8.5 percent to 9.0 percent, while keeping its operating-margin target at 13.6 percent to 13.8 percent. The comparison matters because the lower end of the new growth range matches the former upper end.

October results date is set

Capgemini completed the sale of Capgemini Government Solutions to ITC Federal on September 30, 2026, a transaction described by Ideal Investisseur as a completed divestiture. The business represented 0.4 percent of Capgemini's 2025 revenue under the earlier agreement, limiting the direct scale of the disposal.

The investor-relations calendar lists Q3 2026 revenue for October 30, 2026, with a quiet period beginning October 15, 2026, according to Capgemini. That report will test whether the H1 growth rate and the higher full-year guidance remain supported by demand.

Capgemini stock stays below its yearly high

Capgemini stock was last at EUR 108.90 on Euronext Paris on October 2, 2026, at 5:38 p.m. CEST, with a market capitalization of EUR 18.1 billion. The valuation debate now rests on the distance to Barclays' EUR 130 target and the delivery of the 8.5 percent to 9.0 percent growth outlook.