Berenberg keeps Buy rating for ATOSS stock at EUR 135 target

Published on 10/05/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ATOSS posted 12.00 percent revenue growth in the first half of 2026. ATOSS stock costs EUR 84.40 on October 5, 2026 after EUR 83.20.

Schwarzweiß-Reportage eines großen Call-Centers mit Mitarbeitern an Planungsbildschirmen — ATOSS Software AG dokumentarisch: schwarzweiße Reportage eines Schichtbetriebs im Großraumbüro, ISIN DE0005104400, Illustration mit AI erstellt.

ATOSS Software (ISIN DE0005104400) was trading at EUR 84.40 at Lang & Schwarz on October 5, 2026 at 12:06 p.m. CEST, plus 1.44 percent versus the prior close of EUR 83.20. On September 25, 2026, Berenberg maintained its Buy rating and a EUR 135.00 price target, giving the stock a clearly higher analyst reference point than its Lang & Schwarz quote.

Berenberg keeps its EUR 135 target

According to finanzen.ch on September 25, 2026, Berenberg kept ATOSS at Buy with a EUR 135.00 target. The note identified ATOSS as a potential beneficiary of labor-market reform and linked a more optimistic view of German stocks to fiscal impulses and rising exports.

The target stands EUR 50.60 above the Lang & Schwarz quote. Measured against EUR 84.40, that is 59.95 percent upside to the target, while the current price remains 31.94 percent below the EUR 124.00 52-week high.

Cloud growth carries the results

ATOSS entered the October market with a strong first-half operating profile. In its Q2 2026 earnings call, Yahoo Finance reported that revenue grew 12.00 percent year over year in the first half of 2026, while Cloud and Subscriptions revenue increased 26.00 percent. The EBIT margin reached 35.00 percent, one percentage point above the prior-year quarter.

The recurring-revenue indicators add substance to that result. Total annual recurring revenue rose 17.00 percent year over year to EUR 152.20 million at the end of the first half of 2026, while Cloud and Subscriptions annual recurring revenue reached EUR 113.80 million after a 25.00 percent increase.

October results set the next test

ATOSS continues to guide for fiscal-year 2026 revenue of EUR 210.0 million-EUR 215.0 million and an EBIT margin of at least 34.00 percent. The first-half margin of 35.00 percent therefore sits one percentage point above the lower end of the full-year margin guidance.

Deutsche Bank Research also kept a Buy rating and a EUR 115.00 target on September 24, 2026. According to FinanzNachrichten, analyst Nicolas Herms expected ATOSS to raise its 2026 operating-margin outlook from at least 34.00 percent toward 36.00 percent with the quarterly figures scheduled for October 23, 2026.

ATOSS stock stays below its yearly high

At EUR 84.40, ATOSS stock was 31.94 percent below the EUR 124.00 52-week high and 29.85 percent above the EUR 65.00 52-week low on October 5, 2026. Market capitalization stood at EUR 1.3 billion on the same date.

The further course of trading is shown by the continuously updated real-time quote of ATOSS stock.