Bytes Technology Group Stock News

LONDON--(BUSINESS WIRE)--Businesses are buying artificial intelligence far faster than they can turn it into real productivity gains, according to research published today by The Productivity Institute at Alliance Manchester Business School, The University of Manchester, commissioned by Bytes Technology Group, a UK FTSE 250 technology company. The report – The AI Ambition Gap – brings together ...

Deutsche Bank and Panmure Liberum have maintained 'buy' ratings on IT services and software reseller Bytes Technology Group PLC (LSE:BYIT, FRA:9NY, JSE:BYI), with target prices of 520p and 510p, respectively. The shares closed at 439p on Tuesday, implying upside of 18% to Deutsche Bank's 520p target and 16% to Panmure Liberum's 510p target.

Bytes Technology Group PLC (LSE:BYIT, FRA:9NY, JSE:BYI) received a less favourable call from JP Morgan on Monday, as the bank initiated coverage with an 'underweight' rating and named peer Computacenter PLC (LSE:CCC) its top pick in the European value-added reseller (VAR) sector. Shares in Bytes tumbled 2% to 414.40 on Monday, while Computacenter ticked higher to 5,615p, moves that came as JP M...

Jefferies has called a consolidation phase for European software and technology stocks, a group that includes several London-listed names, after a summer rally erased much of the sector's cheapness. Analyst Charles Brennan and his team said the 24 companies they track closely were now up 3% for the year, having been down 23% as recently as the spring.

Bytes Technology Group PLC (LSE:BYIT, FRA:9NY, JSE:BYI) faces growing pressure from changes to Microsoft's reseller incentives and the likelihood that generative AI is unlikely to provide a meaningful near-term boost, according to UBS. The bank has slapped a 'sell' rating on the FTSE 250 group's shares, downgraded from 'neutral' on the view that investors have underestimated the risk to a busin...

Bytes Technology Group PLC (LSE:BYIT, FRA:9NY, JSE:BYI) was downgraded by Deutsche Bank after the software reseller's latest trading update reassured investors but left little scope for further gains in the share price. The bank moved to 'hold' from 'buy' but raised its target price to 410p from 390p, broadly in line with Thursday's closing price of 409.8p.