Price targets

Analyst ratings

7 analysts rated this company in the past 90 days. The average target price is €124.14, this is a change of +13.5% compared to the current price.

• September 24, 2025

  JPMorgan maintains Nemetschek's 'Underweight' rating - target €100

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Nemetschek at "Underweight" with a price target of €100. Investor sentiment toward the construction software specialist has recently deteriorated, Lara Simpson wrote Wednesday evening following investor discussions on the industry. This is cited, among other things, as concerns about the impact of AI on some programs. In addition, some feared that the multi-year contracts, which have recently been in greater demand, would slow cash flow and already set high settlement hurdles for the coming year./ag/zb

  Publication of the original study: September 24, 2025 / 10:38 PM / BST

  First distribution of the original study: September 25, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 22, 2025

  Berenberg maintains Nemetschek on 'Hold' - Target 117 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Nemetschek with a price target of €117. The CEO of the construction software specialist expressed confidence regarding the company's long-term growth targets, wrote Nay Soe Naing after a Berenberg conference on Monday./ag/mf

  Publication of the original study: September 22, 2025 / 8:38 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 11, 2025

  JPMorgan maintains Nemetschek's 'Underweight' rating - target €100

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Nemetschek at "underweight" with a price target of €100. Even after the recent price slide, analyst Joseph George sees a rather unfavorable balance between opportunities and risks for the construction software specialist's shares. In his assessment on Thursday evening, he cited the declining growth momentum from organic growth, the questionable boost from long-term contracts, the necessary margin improvement in the second half of the year, and the potentially weaker cash turnover as negative factors./rob/ag/gl

  Publication of the original study: September 11, 2025 / 10:00 PM / BST First distribution of the original study: September 12, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 5, 2025

  Goldman raises target for Nemetschek to 161 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Nemetschek from €144 to €161 following second-quarter results and maintained its "Buy" rating. As Mohammed Moawalla wrote in a study released Wednesday, the software provider's organic revenue growth was better than expected. This demonstrates the strength of both business units, which operate under the headings Design and Build. The raised revenue target range reflects the strong performance. The company benefits from structural growth drivers./tih/edh

  Publication of the original study: August 5, 2025 / 5:52 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 1, 2025

  Berenberg raises target for Nemetschek to 117 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg raised its price target for Nemetschek from €114 to €117 following second-quarter figures and maintained its "Hold" rating. Nay Soe Naing wrote in a study released Monday that the figures were strong. However, although demand for the construction software manufacturer's offerings remains robust and stable, he has some reservations regarding the medium-term growth prospects, which were addressed in the conference call./rob/ck/men

  Publication of the original study: August 1, 2025 / 3:56 p.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 1, 2025

  Baader Bank raises target for Nemetschek to 140 euros - 'Add'

  MUNICH (dpa-AFX Analyst) - Baader Bank raised its price target for Nemetschek from €124 to €140 following the final quarterly figures and maintained its rating at "Add." The construction software provider is a solid growth engine, wrote Knut Woller in a review published Friday. It's worth noting that management tends to set conservative targets. Acquisitions could drive up market expectations, and the company could benefit from the announced infrastructure spending plans of the CDU/CSU/SPD coalition in Germany. However, most likely not before 2026./rob/la/mis

  Publication of the original study: August 1, 2025 / 10:19 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 1, 2025

  Deutsche Bank raises target for Nemetschek to 125 euros - 'Hold'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Nemetschek from €110 to €125 and maintained its rating at "Hold." The construction software provider reported strong second-quarter results, Nicolas Herms wrote on Friday after the report. He spoke of a "multi-year contract magic."/ajx/mis

  Publication of the original study: August 1, 2025 / Time not specified in study / CET First distribution of the original study: August 1, 2025 / 8:25 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  JPMorgan raises target for Nemetschek to 100 euros - 'Underweight'

  NEW YORK (dpa-AFX Analyst) - Following a conference call on the company's quarterly results, US bank JPMorgan raised its price target for Nemetschek from €95 to €100, but maintained its rating at "Underweight." The construction software provider's results underscored the continued revenue contribution of multi-year contracts, Joseph George wrote in a study released Friday. It slightly raised its revenue and earnings (EBITDA) forecasts for the years 2025 to 2027./rob/edh/nas

  Publication of the original study: July 31, 2025 / 7:23 p.m. / BST

  First distribution of the original study: August 1, 2025 / 12:15 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  UBS leaves Nemetschek at 'Neutral' - Target 120 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Nemetschek at "Neutral" after the company's earnings release, with a price target of €120. Given previously released key figures, the development of individual activities of the software group is particularly newsworthy, wrote Michael Briest in a study released Thursday. The trend is particularly strong in the design and build business areas./tih/men

  Publication of the original study: July 31, 2025 / 6:20 a.m. / GMT

  First distribution of the original study: July 31, 2025 / 6:20 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Warburg Research maintains Nemetschek at 'Hold' - Target 106 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Nemetschek at "Hold" with a price target of €106 following the final quarterly figures. The results underscored the construction software provider's strong growth, wrote Andreas Wolf in an initial reaction released Thursday./rob/edh/ajx

  Publication of the original study: July 31, 2025 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Baader Bank maintains Nemetschek at 'Add' - Target 124 euros

  MUNICH (dpa-AFX Analyser) - Baader Bank has maintained its rating for Nemetschek at "Add" with a price target of EUR 124 following detailed quarterly figures. The construction software company's final results showed a more significant overshoot of consensus forecasts in terms of EBIT and EPS than at the EBITDA level, wrote Knut Woller in an initial response released Thursday./rob/edh/ajx

  Publication of the original study: July 31, 2025 / 8:28 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - Following detailed quarterly results, US bank JPMorgan has maintained its rating for Nemetschek at "Underweight" with a price target of €95. The construction software company's final key figures were in line with the preliminary figures, Joseph George wrote in an initial response released Thursday./rob/edh/mis

  Publication of the original study: July 31, 2025 / 7:06 a.m. / BST

  First distribution of the original study: July 31, 2025 / 7:06 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 24, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Nemetschek following key data and an increase in its forecast to "Underweight" with a price target of €95. While the construction software specialist's preliminary second-quarter figures exceeded expectations, Joseph George wrote on Thursday, the shares are already valued quite highly compared to the industry. Even given the above-average performance since the beginning of the year, the results may not be sufficient for further outperformance. Only the final figures could provide the necessary impetus./rob/la/he

  Publication of the original study: July 24, 2025 / 12:40 PM / BST First distribution of the original study: July 24, 2025 / 12:40 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 24, 2025

  UBS leaves Nemetschek at 'Neutral' - Target 120 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Nemetschek following key figures and an increase in its forecast to "Neutral" with a price target of EUR 120. The construction software specialist comfortably exceeded market expectations with its second-quarter revenue, Michael Briest wrote in an initial reaction on Thursday. The operating result (EBITDA) also surprised positively./rob/la/he

  Publication of the original study: July 24, 2025 / 11:13 a.m. / GMT. First distribution of the original study: July 24, 2025 / Time not specified in the study / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 24, 2025

  Baader Bank maintains Nemetschek at 'Add' - Target 124 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its "Add" rating on Nemetschek following preliminary quarterly figures with a price target of €124. The construction software specialist exceeded consensus estimates and also raised its annual targets, wrote Knut Woller in his response released Thursday./gl/ajx

  Publication of the original study: July 24, 2025 / 12:44 / CEST First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 22, 2025

  Baader Bank maintains Nemetschek at 'Add' - Target 124 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Nemetschek at "Add" ahead of earnings, with a price target of €124. The software provider's second quarter is likely to have been characterized by solid growth, wrote analyst Knut Woller in a study published Tuesday. However, extraordinary, non-operating charges may have had a negative impact./rob/mf/gl

  Publication of the original study: July 22, 2025 / 7:19 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 11, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Nemetschek at "Underweight" with a price target of €95. Recent trends are likely to have continued, Joseph George wrote in his outlook for the quarterly report on Friday evening. The construction software specialist benefits from multi-year contracts, albeit with lower margins./rob/ag/ck

  Publication of the original study: July 11, 2025 / 6:09 PM / BST

  First distribution of the original study: July 14, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 26, 2025

  Berenberg raises target for Nemetschek to 114 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg raised its price target for Nemetschek from €108 to €114, but maintained its "Hold" rating. Unlike previous AI applications, the so-called AI agents are likely to not only increase user productivity but also solve tasks autonomously and drive industry growth, Nay Soe Naing wrote in an assessment of the software and IT services industry released Friday. He sees SAP as best positioned here, and Oracle to a lesser extent./gl/nas

  Publication of the original study: June 26, 2025 / 9:53 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 25, 2025

  Goldman lowers target for Nemetschek to 144 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Nemetschek from €145 to €144, but maintained its "Buy" rating. Analyst Mohammed Moawalla made minor adjustments to his estimates and currency forecasts on Wednesday./ag/gl

  Publication of the original study: June 25, 2025 / 5:15 p.m. / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 18, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Nemetschek at "Underweight" with a price target of €95. Organic growth was the focus of an online conference with the software company's CEO, Joseph George wrote in his commentary published Thursday./rob/ag/la

  Publication of the original study: June 18, 2025 / 7:19 p.m. / BST First distribution of the original study: June 19, 2025 / 12:15 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 21, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - Following a conference in London, US bank JPMorgan maintained Nemetschek's "Underweight" rating with a price target of €95. The construction software provider reiterated its previous statements regarding its outlook for 2025, Joseph George wrote on Thursday after an investor event. The margin target was confirmed. However, 31 percent is ambitious, considering the impact of insolvent payment partners in the first quarter./rob/ajx/la

  Publication of the original study: May 21, 2025 / 6:45 PM / BST

  First distribution of the original study: May 22, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 15, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Nemetschek's "Underweight" rating with a price target of €95. After a period of strong organic growth, this should have peaked, slowed significantly, and turned out lower than market expectations, Joseph George wrote in an assessment released Friday. Given the high expectations, the risk/reward ratio appears increasingly unfavorable./rob/gl/edh

  Publication of the original study: May 15, 2025 / 7:38 PM / BST First distribution of the original study: May 16, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 6, 2025

  Goldman raises target for Nemetschek to 145 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Nemetschek from €135 to €145 and maintained its "Buy" rating. Mohammed Moawalla adjusted his estimates on Tuesday evening in line with the construction software specialist's quarterly report. He noted that the unexpectedly strong growth demonstrates structural potential./ag/gl

  Publication of the original study: May 6, 2025 / 5:49 PM / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 6, 2025

  UBS leaves Nemetschek at 'Neutral' - Target 120 euros

  ZURICH (dpa-AFX Analyst) - Following the first-quarter results, Swiss bank UBS has maintained its rating for Nemetschek at "Neutral" with a price target of €120. The developer of construction and architecture software enjoyed a strong start to the year, wrote Michael Briest in a study released Wednesday. The mobile application Bluebeam is experiencing continued strong growth. However, exchange rates increasingly proved to be a headwind./rob/bek/gl

  Publication of the original study: May 6, 2025 / 5:07 PM / GMT. First distribution of the original study: May 7, 2025 / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  Baader Bank raises target for Nemetschek to 124 euros - 'Add'

  MUNICH (dpa-AFX Analyst) - Baader Bank has raised its price target for Nemetschek from €122 to €124 and maintained its rating at "Add." Analyst Knut Woller wrote on Friday after the first-quarter figures that the construction software manufacturer had a solid start to the year. He slightly raised his earnings estimates./ajx/mf

  Publication of the original study: May 2, 2025 / 9:34 a.m. / CEST First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 1, 2025

  Berenberg raises target for Nemetschek to 108 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Nemetschek from €100 to €108 and maintained its rating at "Hold." The construction software provider has had a strong start to the year and raised its outlook, analyst Nay Soe Naing wrote on Friday following the quarterly results./ajx/la

  Publication of the original study: May 1, 2025 / 10:17 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Nemetschek at "Underweight" with a price target of €95. Estimates remained essentially unchanged, analyst Joseph George wrote Wednesday evening after the mixed quarterly report. The unexpected insolvency of a business partner remains the focus for the time being./ag/ajx

  Publication of the original study: April 30, 2025 / 8:12 p.m. / BST

  First distribution of the original study: May 1, 2025 / 12:15 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  Warburg Research maintains Nemetschek at 'Hold' - Target 106 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Nemetschek at "Hold" after the company's earnings release, with a price target of €106. The first quarter was characterized by strong revenue growth, wrote analyst Andreas Wolf in a quick assessment published Wednesday. Meanwhile, the software manufacturer's valuation is challenging./mf/gl

  Publication of the original study: April 30, 2025 / 8:15 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  UBS leaves Nemetschek at 'Neutral' - Target 120 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "neutral" rating on Nemetschek with a price target of €120. "Another strong quarter," wrote analyst Michael Briest on Wednesday in his assessment of the construction software specialist's figures./ajx/gl

  Publication of the original study: April 30, 2025 / 6:14 a.m. / GMT First distribution of the original study: April 30, 2025 / 6:14 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  Baader Bank maintains Nemetschek at 'Add' - Target 122 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Nemetschek at "Add" with a price target of €122. Adjusted for operating momentum, the company's earnings were strong, wrote analyst Knut Woller on Wednesday following the construction software provider's quarterly results./ajx/gl

  Publication of the original study: April 30, 2025 / 7:39 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 22, 2025

  Baader Bank maintains Nemetschek at 'Add' - Target 122 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Nemetschek at "Add" ahead of its quarterly results, with a price target of €122. The IT service provider is likely to have had a solid start to the year with decent organic growth, wrote analyst Knut Woller in an outlook published on Tuesday./edh/la

  Publication of the original study: April 22, 2025 / 10:52 a.m. / CEST First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 16, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Nemetschek at "underweight" with a price target of €95. Following discussions with the company and recent industry data, analyst Joseph George adjusted his estimates on Wednesday evening ahead of the company's quarterly report at the end of April. He remains skeptical about organic growth but expects the annual targets to be confirmed./ag/gl

  Publication of the original study: April 16, 2025 / 8:18 PM / BST First distribution of the original study: April 17, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 1, 2025

  Goldman maintains Nemetschek at 'Buy' - target 135 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained a "Buy" rating on Nemetschek with a price target of €135. In an assessment released Wednesday, analyst Mohammed Moawalla adjusted his forecasts for the construction software specialist to reflect the quarterly figures published in March. The transition from licenses to subscriptions will be largely completed by 2025-26, and growth is now expected to accelerate significantly./gl/tav

  Publication of the original study: April 1, 2025 / 4:49 PM / BST. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 27, 2025

  Baader Bank raises target for Nemetschek to 122 euros - 'Add'

  MUNICH (dpa-AFX Analyst) - Baader Bank has raised its price target for Nemetschek from 120 to 122 euros and maintained its rating at "Add." The construction software developer is a true growth engine, wrote analyst Knut Woller in a study released Thursday. Management is known for its conservative outlook, but its statements for the current year are nevertheless positive./bek/edh

  Publication of the original study: March 27, 2025 / 9:56 a.m. / CET

  First distribution of the original study: March 27, 2025 / Time not specified in the study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 21, 2025

  Warburg Research raises target for Nemetschek to 106 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has raised its price target for Nemetschek from €85 to €106, but maintained its "Hold" rating. The new price target results from the forwarded observation period, analyst Andreas Wolf wrote in his commentary published on Friday. The market environment remains favorable. However, the assessment only supports a neutral rating./mf/ag

  Publication of the original study: March 21, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in the study / Time not specified in the study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 20, 2025

  Berenberg maintains Nemetschek on 'Hold' - target 100 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its rating for Nemetschek at "Hold" with a price target of €100. The targets for 2025 are ambitious, wrote analyst Nay Soe Naing in her review of the annual report published on Friday./ag/edh

  Publication of the original study: March 20, 2025 / 4:58 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 20, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Nemetschek at "Underweight" with a price target of €95. Analyst Joseph George adjusted his estimates on Thursday evening based on the construction software specialist's figures and outlook. His forecasts remain below consensus./ag/edh

  Publication of the original study: March 20, 2025 / 7:14 p.m. / GMT

  First distribution of the original study: March 21, 2025 / 12:15 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 20, 2025

  Warburg Research maintains Nemetschek at 'Hold' - target 85 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Nemetschek at "Hold" after the company's earnings release, with a price target of €85. The software manufacturer's outlook for 2025 supports market expectations, analyst Andreas Wolf wrote on Thursday./mf/ag

  Publication of the original study: March 20, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 20, 2025

  UBS maintains 'Neutral' rating on Nemetschek - Target: EUR 115

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Nemetschek at "Neutral" with a price target of €115. The construction software specialist's outlook is largely in line with expectations, wrote analyst Michael Briest on Thursday after the annual report./ag/men

  Publication of the original study: March 20, 2025 / 7:18 a.m. / GMT

  First distribution of the original study: March 20, 2025 / 7:18 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 20, 2025

  Goldman maintains Nemetschek at 'Buy' - target 135 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Nemetschek with a price target of €135. The construction software specialist's results are in line with the key figures, analyst Mohammed Moawalla wrote on Thursday. However, the revenue targets for 2025 are higher./ag/edh

  Publication of the original study: March 20, 2025 / 7:15 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 20, 2025

  Baader Bank maintains Nemetschek at 'Add' - target 120 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Nemetschek at "Add" following detailed quarterly figures, with a price target of €120. The final results largely corresponded to the preliminary key figures, wrote analyst Knut Woller in his initial reaction on Thursday. The outlook for the software provider specializing in the construction industry is solid./edh/ag

  Publication of the original study: March 20, 2025 / 8:29 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 3, 2025

  Berenberg raises target for Nemetschek to 100 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg raised its price target for Nemetschek from €88 to €100, but maintained its "Hold" rating. After an unexpectedly strong 2024, the IT service provider's organic growth is likely to slow this year, while the market expects an acceleration, wrote analyst Nay Soe Naing in his commentary published Tuesday. He justified the new price target by shifting the valuation horizon one year into the future./edh/ag

  Publication of the original study: March 3, 2025 / 5:03 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 21, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "Underweight" rating on Nemetschek with a price target of €95. Analyst Joseph George describes the software group, which focuses on the construction industry, as a high-growth company. In the short term, Nemetschek's earnings estimates are achievable, he wrote in a study on European internet and software companies published Monday. At the same time, the focus is on the achievability of organic growth estimates, with most investors convinced that Nemetschek could achieve organic growth of around 15 percent in 2025./ck/gl

  Publication of the original study: February 21, 2025 / 7:55 p.m. / GMT. First distribution of the original study: February 24, 2025 / 12:15 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  Goldman upgrades Nemetschek to 'Buy' - target raised to 135 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has upgraded Nemetschek from "Neutral" to "Buy" and raised its price target from €105 to €135. Structural and sustainable growth recovery argues for a reassessment of the construction software specialist, wrote analyst Mohammed Moawalla in his buy recommendation issued on Monday. Operating leverage should more than compensate for reinvestments./ag/zb

  Publication of the original study: January 27, 2025 / 4:58 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 22, 2025

  Baader Bank lowers Nemetschek to 'Add' - target raised to 120 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has downgraded Nemetschek from "Buy" to "Add," but raised its price target from €118 to €120. Following its upgrade from "Add" to "Buy" in December, the construction software provider's shares have performed strongly, wrote analyst Knut Woller in a study released Wednesday. However, the new price target no longer offers sufficient potential to maintain the buy recommendation./ajx/nas

  Publication of the original study: January 22, 2025 / 10:56 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 21, 2025

  Warburg Research maintains Nemetschek at 'Hold' - target 85 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Nemetschek at "Hold" with a price target of €85. The construction software developer's key figures are above expectations, wrote analyst Andreas Wolf in his commentary published on Tuesday./ag/bek

  Publication of the original study: January 21, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 20, 2025

  Goldman maintains 'Neutral' rating on Nemetschek - Target 105 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Nemetschek at "Neutral" with a price target of €105. The construction software specialist presented positive key figures for the fourth quarter, analyst Mohammed Moawalla wrote on Monday evening. Revenue growth and margins are above expectations./ag/mis

  Publication of the original study: January 20, 2025 / 5:30 p.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 20, 2025

  UBS maintains 'Neutral' rating on Nemetschek - Target: EUR 115

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Nemetschek at "Neutral" with a price target of €115. The construction software specialist has forecast strong annual results, analyst Michael Briest wrote on Monday evening after key figures were released. However, there are no new signals for 2025./ag/ck

  Publication of the original study: January 20, 2025 / 6:03 PM / GMT

  First distribution of the original study: January 20, 2025 / 6:03 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 20, 2025

  Berenberg maintains Nemetschek on 'Hold' - Target 88 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Nemetschek following preliminary quarterly figures, with a price target of €88. The construction software manufacturer recorded a strong final quarter, wrote analyst Nay Soe Naing in an initial reaction released on Monday. Revenue and operating profit (EBITDA) exceeded expectations./edh/he

  Publication of the original study: January 20, 2025 / 5:04 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 20, 2025

  JPMorgan maintains Nemetschek at 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - Following preliminary quarterly figures, US bank JPMorgan has maintained its rating for Nemetschek at "underweight" with a price target of €95. The construction software manufacturer's key figures were strong as expected, wrote analyst Joseph George in an initial reaction released on Monday. Organic growth exceeded forecasts./edh/he

  Publication of the original study: January 20, 2025 / 5:30 PM / GMT. First distribution of the original study: January 20, 2025 / 5:30 PM / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 10, 2025

  Warburg Research maintains Nemetschek at 'Hold' - target 85 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Nemetschek at "Hold" with a price target of €85. Investments in artificial intelligence (AI) in the software and IT industry are likely to continue to increase, analyst Andreas Wolf wrote on Friday in an outlook for 2025. IT remains a growth market with AI as an important growth driver./ajx/men

  Publication of the original study: January 10, 2025 / 8:35 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 18, 2024

  Baader Bank upgrades Nemetschek to 'Buy' - target 118 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has upgraded Nemetschek from "Reduce" to "Buy" and raised its price target from €94 to €118. Analyst Knut Woller justified the new price target in a study published Wednesday by shifting the valuation period one year into the future. The construction software specialist is expected to achieve its annual targets. Positive news from the industry suggested continued strong demand momentum in the final quarter./mis/edh

  Publication of the original study: December 18, 2024 / 3:45 PM / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 11, 2024

  JPMorgan starts Nemetschek with 'Underweight' - Target 95 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has initiated its rating of Nemetschek shares with an "underweight" rating, with a price target of €95. The construction software specialist's earnings development is overestimated, wrote new expert Joseph George in his analysis published Thursday. Meanwhile, the lavish valuation leaves little room for disappointment./ag/gl

  Publication of the original study: December 11, 2024 / 7:56 p.m. / GMT First distribution of the original study: December 12, 2024 / 12:15 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 6, 2024

  UBS maintains 'Neutral' rating on Nemetschek - Target: EUR 115

  ZURICH (dpa-AFX Analyst) - Following a technology conference, Swiss bank UBS maintained its rating for Nemetschek at "Neutral" with a price target of €115. Given the slow pace of digitalization in the sector, the construction software manufacturer is unlikely to become a pioneer in artificial intelligence (AI), analyst Michael Briest wrote in a study released Friday. However, AI is already helping architects with designs at an early stage./niw/he

  Publication of the original study: December 6, 2024 / 3:44 p.m. / GMT First distribution of the original study: December 6, 2024 / 3:44 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 14, 2024

  Goldman raises target for Nemetschek to 105 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Nemetschek from €95 to €105, but maintained its rating at "Neutral." Analyst Mohammed Moawalla adjusted his estimates on Thursday afternoon based on the latest quarterly report. With the higher price target, he rewarded better performance in Build and Design, and also rolled the valuation base forward./ag/tih

  Publication of the original study: November 14, 2024 / 4:47 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 13, 2024

  Baader Bank raises target for Nemetschek to 94 euros - 'Reduce'

  MUNICH (dpa-AFX Analyst) - Baader Bank has raised its price target for Nemetschek from €91 to €94 and maintained its rating at "Reduce." Analyst Knut Woller attested to the construction software manufacturer's solid performance in the last quarter in a study published Wednesday. However, he criticized that the stock's valuation limits its further upside potential./tih/gl

  Publication of the original study: November 13, 2024 / 7:40 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 8, 2024

  UBS lowers Nemetschek to 'Neutral' - target raised to 115 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for shares of construction software provider Nemetschek from 98 to 115 euros, but downgraded the stock from "Buy" to "Neutral" following its strong performance. "Everything is already in the shop window," wrote Michael Briest in his analysis published on Monday. He considers the potential for surprises in 2025 to be limited and the stocks to be highly valued./ag/ajx

  Publication of the original study: November 8, 2024 / 5:56 p.m. / GMT First distribution of the original study: November 11, 2024 / Time not specified in the study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Barclays raises target for Nemetschek to 125 euros - 'Overweight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has raised its price target for Nemetschek from €108 to €125 and maintained its rating at "Overweight." The construction software manufacturer's solid quarterly figures underscore its robust business model, analyst Alice Jennings wrote Thursday evening. The confirmed outlook is well underpinned by the targeted acceleration of growth in the final quarter thanks to the switch to a subscription model./gl/ag

  Publication of the original study: November 7, 2024 / 7:00 PM / GMT. First distribution of the original study: November 8, 2024 / 4:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Berenberg maintains Nemetschek on 'Hold' - Target 88 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Hold" rating on Nemetschek following its earnings release, with a price target of €88. Analyst Nay Soe Naing praised the construction software manufacturer in a report released Thursday, saying it is well on track to achieve its confirmed annual targets after another strong quarter./gl/men

  Publication of the original report: November 7, 2024 / 10:06 a.m. / GMT First distribution of the original report: Date not specified in report / Time not specified in report / Time zone not specified in report

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Warburg Research maintains Nemetschek at 'Hold' - target 85 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Nemetschek at "Hold" with a price target of €85. The acquisition of GoCanvas boosted the third quarter, analyst Andreas Wolf wrote on Thursday morning after the report./ag/gl

  Publication of the original study: November 7, 2024 / 8:15 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Baader Bank maintains Nemetschek on 'Reduce' - Target 91 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Nemetschek at "Reduce" with a price target of EUR 91 following the third-quarter figures. The results exceeded the consensus for operating profit (EBITDA) by 3 percent and for adjusted earnings per share by 5 percent, wrote analyst Knut Woller in a study released Thursday. He assumes that consensus estimates will be revised upwards by a mid-single-digit percentage.

  Publication of the original study: November 7, 2024 / 7:40 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Goldman maintains 'Neutral' rating on Nemetschek - Target: 95 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Nemetschek at "Neutral" with a price target of €95. Revenue and operating profit were better than expected, wrote analyst Mohammed Moawalla on Thursday morning after the company's results. However, the annual targets remain unchanged./ag/gl

  Publication of the original study: November 7, 2024 / 8:02 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 22, 2024

  Hauck Aufhäuser IB raises target for Nemetschek to 90 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking raised its price target for Nemetschek from €82 to €90 ahead of third-quarter results, but maintained the rating at "Hold." Analyst Simon Keller justified the higher price target with the software developer for the construction industry's move away from ongoing software licenses. Instead, Nemetschek is focusing on "subscriptions in design," the expert stated in a study published Tuesday./bek/mis

  Publication of the original study: October 22, 2024 / 8:20 a.m. / CEST

  First distribution of the original study: October 22, 2024 / 8:21 a.m. / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 7, 2024

  Goldman lowers target for Nemetschek to 95 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - The US investment bank Goldman Sachs has lowered its price target for Nemetschek from 100 to 95 euros and left the rating at "neutral". The focus is on the transition from the business model from purchasing to leasing software, as well as economic and margin developments, wrote analyst Mohammed Moawalla in his outlook on the construction software company's quarterly report, published on Monday./ag/edh

  Publication of the original study: October 7, 2024 / 5:19 a.m. / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 4, 2024

  Berenberg raises target for Nemetschek to 88 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) – Private bank Berenberg has raised its price target for Nemetschek from €85 to €88 and maintained its "Hold" rating. Analyst Nay Soe Naing updated his estimates for the software manufacturer, which specializes in the construction industry, in a report published Monday. He cited the GoCanvas acquisition in particular, which will boost revenue growth but initially dilute margins. GoCanvas will need five years to achieve the profitability the company is otherwise used to./tih/zb

  Publication of the original study: October 4, 2024 / 3:58 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 27, 2024

  Barclays maintains Nemetschek at 'Equal Weight' - Target 87 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has maintained its rating for Nemetschek at "Equal Weight" with a price target of €87. According to his outlook published on Monday, analyst Sven Merkt expects a mixed reporting season for the European software industry. He is betting on those that signal an improvement in key business metrics. In addition to Amadeus and Capgemini, this also includes Nemetschek./ag/edh

  Publication of the original study: September 27, 2024 / 5:34 PM / GMT

  First distribution of the original study: September 30, 2024 / 3:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 23, 2024

  Berenberg maintains Nemetschek on 'Hold' - target 85 euros

  HAMBURG (dpa-AFX Analyser) - The private bank Berenberg has maintained a "Hold" rating on the shares of construction software manufacturer Nemetschek with a price target of 85 euros. At a Berenberg conference with German companies, CEO Yves Padrines remained optimistic about the targets for 2024 and 2025 despite the lack of economic stimulus, wrote analyst Nay Soe Naing in his commentary published on Tuesday./gl/ag

  Publication of the original study: September 23, 2024 / 4:43 p.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 13, 2024

  Baader Bank raises target for Nemetschek to 91 euros - 'Reduce'

  MUNICH (dpa-AFX Analyst) - Baader Bank raised its price target for Nemetschek from €88 to €91, but maintained its rating at "Reduce." While the construction software provider has structural growth opportunities, analyst Knut Woller wrote in his commentary on Friday, the shares' valuation is high, and the comparable figures for the third quarter will be difficult to top./ag/la

  Publication of the original study: September 13, 2024 / 9:19 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.