In a report released today, Charles Brennan from Jefferies maintained a Buy rating on Nemetschek, with a price target of €110.00.
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Charles Brennan has given his Buy rating due to a combination of factors related to Nemetschek’s results and outlook. The company’s latest figures were broadly consistent with prior guidance and market expectations, with solid constant-currency growth in the fourth quarter and for FY25 overall, even though the pace moderated slightly against a much tougher comparison base.
At the segment level, the “Build” division delivered particularly strong expansion, while profitability improved as EBITDA margins moved higher. Brennan also views the earnings quality as satisfactory, underpinned by rising contributions from multi‑year contracts and carefully monitored capitalized costs, which together support a favorable risk‑reward profile for the shares.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a €110.00 price target.