Berenberg keeps EUR 115.00 target for Nemetschek stock

Published on 10/12/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies lifted target from EUR 70.00 to EUR 72.00 on September 23, 2026. Nemetschek stock costs EUR 67.90 on October 12, 2026 versus EUR 67.40.

Key points in brief

Berenberg maintained a EUR 115.00 target and Buy rating on September 25, 2026.
Jefferies raised its Nemetschek target from EUR 70.00 to EUR 72.00 on September 23, 2026.
Second-quarter 2026 revenue reached EUR 327.66 million, while first-half revenue rose 11.90 percent to EUR 640.70 million.
Nemetschek stock was at EUR 67.90 at Lang & Schwarz on October 12, 2026, versus the October 9 Xetra close of EUR 67.40.
Nemetschek is listed on Xetra and is a member of the MDAX and TecDAX.

Flatlay mit Aktienzertifikat, ISIN-Karte, Zirkel, Lineal und Gebäudemodell — Nemetschek SE ISIN DE0006452907: Flatlay-Anordnung aus Aktienzertifikat, ISIN-Karte, Zirkel und kleinem Gebäudemodell, Illustration mit AI erstellt.

Nemetschek stock (ISIN DE0006452907) was at EUR 67.90 at Lang & Schwarz on October 12, 2026 at 10:36 a.m. CEST. Berenberg maintained a Buy rating and its EUR 115.00 price target in a note dated September 25, 2026, according to wallstreetONLINE.

Targets stretch beyond the share price

The Berenberg target stands EUR 47.10 above the Lang & Schwarz price, but the note preserved the previous EUR 115.00 target rather than raising it. The valuation contrast is sharper against Jefferies: on September 23, 2026, Jefferies raised its target from EUR 70.00 to EUR 72.00 and kept its Buy rating, according to wallstreetONLINE.

What does growth mean for margins?

Nemetschek reported EUR 640.70 million of revenue in the first half of 2026, up 11.90 percent year over year, while second-quarter revenue reached EUR 327.66 million. Investing.com also reported second-quarter net income of EUR 66.00 million and management guidance for 14.00 to 15.00 percent organic revenue growth and a 32.00 to 33.00 percent EBITDA margin in 2026, figures that keep profitable expansion central to the valuation, according to Investing.com.

Three dates show the strategy shift

On April 30, 2026, Nemetschek reported 17.00 percent first-quarter revenue growth; on July 1, 2026, it completed the HCSS acquisition; and on July 28, 2026, it expanded its 2026 outlook while retaining the 14.00 to 15.00 percent organic growth goal, according to Nemetschek. The latest analyst event came on September 25, 2026, when Berenberg kept its EUR 115.00 target and Buy rating.

Next results arrive November 5

Nemetschek's next scheduled reporting date is November 5, 2026, when the company is set to publish its third-quarter update, according to its investor-relations calendar. That date gives the market a defined checkpoint for testing the 2026 growth and margin ranges.

Stock remains below analyst targets

At EUR 67.90, the Lang & Schwarz quote was EUR 0.50, or 0.74 percent, above the Xetra close of October 9, 2026 at EUR 67.40. The company's market capitalization was EUR 7.8 billion as of October 12, 2026, while its 52-week range was EUR 50.45 to EUR 108.30. The further course of trading is shown by the continuously updated real-time quote of Nemetschek stock.