BofA Kicks Off Computacenter Coverage at Buy Amid AI Infrastructure Exposure

06:42 AM EDT, 07/13/2026 (MT Newswires) -- BofA Global Research initiated its coverage of Computacenter (CCC.L) with a buy rating, highlighting that the technology and services provider is benefiting from the rapid growth in artificial intelligence-related infrastructure investments. "The company is evolving into a scaled IT infrastructure execution platform rather than a conventional reseller, particularly through its expertise in complex AI data centre deployments for hyperscalers, neoclouds and high-frequency trading firms. We believe this should drive an acceleration in growth with a revenue/underlying operating profit CAGR of 21.7%/22.3%CAGR through 2028E (vs 12.4%/0.7% CAGR over 2022-25), supported by AI infrastructure exposure and strong execution," the research firm said Monday. "CCC also has a strong balance sheet and a long track record of cash generation, supporting organic investments, selective M&A and shareholder returns. Analysts also noted that Computacenter's valuation premium against reseller peers in the European Union, the UK and US is "justified" by its "superior" growth profile and exposure to AI infrastructure investments. The price objective was set at 55.52 pounds sterling.