Planisware "Comparing Customer Conference Conversations" (Buy) Chisholm

研报英文原文证据摘录

Planisware "Comparing Customer Conference Conversations" (Buy) Chisholm

Global Research

18 June 2026ab

Planisware Equities

FranceComparing Customer Conference Conversations

Software

12-month rating Buy

What happened?

We attended the London leg of Planview’s European customer conference series on 16 12m price target €20.00

June, one of three events the company is hosting across Paris, London and Frankfurt.

Discussions with customers and partners were incrementally supportive for Planisware.

Price (17 Jun 2026) €18.60

Customer conversations pointed to robust demand for PPM solutions, supported

Planisware's claims of an AI lead vs competitors and demonstrated there is little appetite RIC: PLNW.PA BBG: PLNW FP

to build in-house PPM tools / DIY alternatives. Resilient demand, further expansion

Trading data and key metrics

potential and a supportive competitive backdrop leave us positive on Planisware and we

52-wk range €24.95-13.96

continue to view FY26E sales growth guidance (LDD constant currency) as conservative

(UBSe +13.8%). We have a Buy rating. Market cap. €1.30b/US$1.49b

Shares o/s 69.8m (ORD)

Key takeaways Free float 32%

1. Customer feedback: Several discussions with Planview customers reinforced Avg. daily volume ('000) 108

Planisware's strong positioning. Customers pointed to continued demand for PPM Avg. daily value (m) €1.8

tools and highlighted internal expansion opportunities where workflows are still Common s/h equity (12/26E) €0.24b

being managed manually in Microsoft productivity tools. AI interest is high yet P/BV (12/26E) 5.4x

data readiness and long implementation timelines are constraints on adoption of Net debt to EBITDA (12/26E) NM

Planview's AI, Anvi. Recent customer signatures are more a function of business

EPS (UBS, diluted) (EUR)