Jefferies analyst Charles Brennan maintained a Buy rating on Temenos today and set a price target of CHF83.00.
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Charles Brennan has given his Buy rating due to a combination of factors that highlight Temenos’s solid operating momentum and improved visibility. First‑quarter revenue and EBIT came in notably ahead of market expectations, with all major revenue streams outperforming guidance and recurring metrics such as subscription, SaaS, and maintenance growing at double‑digit rates.
Moreover, annual recurring revenue growth has accelerated, signaling healthier forward-looking demand. The standout contribution from the Middle East and Africa, where sales almost doubled, shows the company is successfully managing regional risk, while stable conditions in the Americas support management’s confidence in better deal flow through the year and underpin the reaffirmed full‑year outlook.
In another report released on April 14, Citi also upgraded the stock to a Buy with a CHF90.00 price target.