Barclays analyst Julien Roch maintains $Omnicom Group (OMC.US)$ with a buy rating, and adjusts the target price from $110 to $121.
According to TipRanks data, the analyst has a success rate of 47.1% and a total average return of 1.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Omnicom Group (OMC.US)$'s main analysts recently are as follows:
The company's Q3 results surpassed expectations, and management expressed high confidence in both Q4 and the outlook for fiscal 2025. It was mentioned that the shares are currently undervalued.
Omnicom's robust performance in the third quarter was noted, yet there is an anticipation of a less vigorous final quarter based on the current guidance, which also suggests a potential shortfall in operating leverage. The guidance is perceived as somewhat conservative, and it's believed that an organic growth rate exceeding 5% in the fourth quarter remains within reach, contingent on the realization of project-based work. It is anticipated that Omnicom's guidance for 2025 organic growth will surpass the current consensus.
Omnicom's third-quarter organic revenue growth of 6.5% surpassed the anticipated 5.1%, highlighting the success of internal and external organizational initiatives. These include the acquisition of Flywheel and the integrations of media and creative agencies. Despite a slight reduction in the forecast for FY24 adjusted EPS to $8.05 and FY25 EPS to $8.66, the focus is now on the outlook for the year 2025.
Note:
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