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Dassault Systemes SA (DASTY): New Sell Recommendation for This Technology Giant

Dassault Systemes SA (DASTYResearch Report) received a Sell rating and a EUR31.00 price target from J.P. Morgan analyst Toby Ogg today. The company’s shares closed yesterday at $35.58.

According to TipRanks, Ogg is ranked #3831 out of 7914 analysts.

Currently, the analyst consensus on Dassault Systemes SA is a Hold with an average price target of $38.79.

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Based on Dassault Systemes SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.38 billion and a net profit of $124 million. In comparison, last year the company earned a revenue of $1.16 billion and had a net profit of $182.7 million

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Dassault Systèmes SA provides software solutions and consulting services. It offers end-to-end software applications and services which span design from early three-dimensional digital conceptual design drawings to full digital mock-up, from virtual testing of products and virtual production to manufacturing operations management and from digital marketing and sales to end-consumer shopping experience. The company was founded by Charles Edelstenne on June 9, 1981 and is headquartered in Vélizy-Villacoublay, France.

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