France's Ipsos reports steady Q3 revenue, lifts 2026 growth forecast

Overview

• France-based market research firm's Q3 revenue was flat yr/yr, with organic growth of 2.0%

• Company raised 2026 organic growth outlook to 1.2%-1.5% amid ongoing macro and geopolitical uncertainty

• Kelly Beaver appointed CEO, with focus on accelerating Horizons strategic plan

Outlook

• Ipsos sees 2026 organic growth between 1.2% and 1.5%

• Ipsos expects 2026 operating margin rate to be in line with 2025

• Company says outlook reflects ongoing macroeconomic and geopolitical uncertainty, especially in Middle East

Result Drivers

• REGIONAL PERFORMANCE - Co said organic growth was driven by strong results in EMEA, China and Citizens business

• CITIZENS SEGMENT - Co said contract wins and renewed interest from decision-makers boosted Citizens segment growth

• PHARMA DEMAND - Co said growth in Doctors & Patients segment was supported by new drug approvals and pharma innovation

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the advertising & marketing peer group is "buy"

• Wall Street's median 12-month price target for Ipsos SA is €50.00, about 33.8% above its October 22 closing price of €37.38

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads

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• Oct 22 - Gucci sales slip again in latest blow to Kering recovery plan

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)