Jefferies raises Nemetschek stock target to EUR 72

Published on 10/07/2026 at 09:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached EUR 640.70 million in the first half of 2026, up 11.90 percent. Nemetschek stock costs EUR 65.13 on October 7, 2026 versus EUR 65.13.

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Nemetschek stock (ISIN DE0006452907) was trading at EUR 65.13 at Lang & Schwarz on October 7, 2026 at 9:24 a.m. CEST, unchanged versus the prior close of EUR 65.13. Jefferies raised its target for Nemetschek from EUR 70.00 to EUR 72.00 on September 23, 2026, while retaining its Buy rating, according to FinanzNachrichten.de.

Jefferies sees limited near-term payoff

Jefferies tied its updated forecast to Nemetschek's completed acquisition of US construction software company HCSS. The analyst view adds a measured counterpoint to the target increase: the study said the economic effects of the transaction may become visible only in the second half of 2028, according to FinanzNachrichten.de.

The target change is modest in absolute terms, adding EUR 2.00 to the previous EUR 70.00 level. At the Lang & Schwarz price of EUR 65.13, the EUR 72.00 target lies 10.55 percent above the price, using the same euro currency.

First-half growth supports the case

Nemetschek reported revenue of EUR 640.70 million in the first half of 2026, up 11.90 percent from the first half of 2025. Net profit reached EUR 66.00 million in the first half of 2026, while earnings per share stood at EUR 0.57, according to Börse Express.

Management's 2026 outlook calls for total revenue growth of 20.00 percent to 21.00 percent, organic growth of 14.00 percent to 15.00 percent at constant currency and an EBITDA margin of 32.00 percent to 33.00 percent. Those ranges put the HCSS integration at the center of the earnings debate because acquisition effects can dilute margins before the additional revenue contribution is fully reflected.

November date sets the next test

Nemetschek's next scheduled reporting date is November 5, 2026, when it plans to publish its third-quarter report, according to the company's Investor Relations page. The report should provide a clearer operating update on HCSS and show whether recurring software revenue can sustain the first-half growth rate.

Stock holds above yearly low

Nemetschek's market capitalization was EUR 7.5 billion on October 7, 2026, while its 52-week range stood at EUR 50.45 to EUR 111.30. The Lang & Schwarz price therefore sat EUR 46.17 below the 52-week high, a 41.48 percent distance calculated in euros. The further course of trading is shown by the continuously updated real-time quote of Nemetschek stock.