ATOSS stock sits 26.17 percent below Deutsche Bank target

Published on 10/06/2026 at 16:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ATOSS reported 12.00 percent revenue growth in the first half of 2026. ATOSS stock was last at EUR 84.90 on October 6, 2026 after EUR 85.00.

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ATOSS Software SE (ISIN DE0005104400) was last at EUR 84.90 on Xetra on October 6, 2026 at 4:28 p.m. CEST, placing the stock 26.17 percent below Deutsche Bank Research's EUR 115.00 price target. Finanzen reported the analyst view dated September 24, 2026.

Deutsche Bank sees margin upside

Deutsche Bank Research kept ATOSS at Buy with a EUR 115.00 target on September 24, 2026. The bank said the EBIT margin target for 2026 could rise from at least 34.00 percent to about 36.00 percent when ATOSS reports its third-quarter results on October 23, 2026, while the first nine months' order intake was expected to exceed the prior-year level.

The target comparison is concrete: EUR 84.90 is 26.17 percent below EUR 115.00. That gap reflects the market's lower current valuation than the analyst's operating outlook, rather than a change in the reference currency.

Cloud growth drives the numbers

ATOSS reported 12.00 percent year-over-year revenue growth in the first half of 2026, according to the Yahoo Finance transcript of the July 24, 2026 earnings call. The EBIT margin reached 35.00 percent, one percentage point above the prior-year quarter, while Cloud and Subscriptions revenue increased 26.00 percent year over year.

The recurring-revenue picture was similarly strong. Total annual recurring revenue reached EUR 152.20 million at the end of the first half, up 17.00 percent year over year, and Cloud and Subscriptions annual recurring revenue rose 25.00 percent to EUR 113.80 million.

Guidance meets the October date

Management maintained its 2026 revenue guidance of EUR 210.00 million to EUR 215.00 million and an EBIT margin of at least 34.00 percent, according to the Yahoo Finance transcript. The October 23, 2026 results date gives investors the next measured test of whether cloud demand can offset the company's planned shift away from perpetual licenses.

ATOSS Software was last at EUR 84.90 on Xetra on October 6, 2026 at 4:28 p.m. CEST, minus 0.12 percent versus the Xetra close of EUR 85.00 on October 5, 2026. Price source: substitute price Xetra, Lang & Schwarz without data set.