Softcat consensus picture for the week, shares under analyst review

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-29, 14:41.

Softcat (GB00BYZ2B577) starts the week with a defined analyst consensus on the London Stock Exchange. Several research houses maintain constructive views on the IT infrastructure and services provider, with ratings and targets framing expectations for the next 12 months according to MarketScreener data.

What analysts are signaling

Softcat is covered by a range of UK and international brokers, including HSBC, Jefferies and UBS, with most houses reportedly set between Hold and Buy on the shares based on compiled consensus data. The average target price sits moderately above the current London quotation, implying cautious upside as aggregated by MarketScreener.

According to consensus figures, analysts expect mid-single-digit revenue growth and stable operating margins in the current fiscal year, reflecting a resilient IT spending backdrop among UK corporate and public-sector clients. Dividend expectations remain intact, with the yield projected to stay competitive versus other FTSE-listed software and IT services peers such as Computacenter and Bytes Technology.

How forecasts line up for 2026

For the 2026 fiscal year, consensus points to incremental top-line expansion as Softcat continues to add new customers and deepen wallet share with existing accounts, particularly in cloud and security solutions. Earnings per share are modeled to grow broadly in line with revenues, with limited margin volatility factored in, underlining the company’s asset-light reseller model.

Compared with sector peers on the London market, Softcat trades at a valuation that reflects its strong cash generation and historically consistent execution, while not at the top end of the UK IT services peer group. The stock’s position within broader European IT services benchmarks is often assessed against names such as Atos and Capgemini, though Softcat’s pure-play UK focus differentiates its risk profile.

How Softcat makes its money

Softcat generates revenue primarily by reselling IT infrastructure, software and cloud services to business and public-sector clients across the UK, while layering on support and managed services. The company focuses on areas such as hybrid cloud, cybersecurity, networking and workplace solutions, integrating offerings from vendors like Microsoft, Cisco and Dell Technologies.

Where the shares trade today

Softcat shares (GB00BYZ2B577) trade on the London Stock Exchange; as of 2026-06-29, 14:30 the stock is quoted at around 15.50 pounds according to recent market data.

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. All data are based on sources believed to be reliable but cannot be guaranteed.