JPMorgan keeps EUR 110.00 target: Nemetschek stock falls 3.83 percent

Published on 10/20/2026 at 10:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 13.00 percent to EUR 327.7 million. Nemetschek stock costs EUR 73.33 on October 20, 2026, 3.83 percent below Xetra close.

Analyst target and earnings

JPMorgan maintained its EUR 110.00 target on October 20, 2026.
Second-quarter 2026 revenue rose 13.00 percent to EUR 327.7 million.
Nemetschek stock trades at EUR 73.33 at 10:40 a.m. CEST at Lang & Schwarz on October 20, 2026, 3.83 percent below the Xetra close of October 19, 2026.
Nemetschek plans to publish its third-quarter 2026 results on November 5, 2026.

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 trading at EUR 73.33 at Lang & Schwarz on October 20, 2026, at 10:40 a.m. CEST, down 3.83 percent versus the Xetra close of October 19, 2026, at EUR 76.25. On October 20, 2026, Boerse.de reported that JPMorgan kept its EUR 110.00 price target and Overweight rating for Nemetschek. The immediate investor question is whether the upcoming report can support that valuation.

JPMorgan keeps EUR 110.00 target

JPMorgan's target lies 50.01 percent above the Lang & Schwarz price. The bank placed Nemetschek on its Analyst Focus List and expects the November report to show strong earnings growth, citing the company's potential to monetize artificial intelligence applications and expand related infrastructure, according to Boerse.de on October 20, 2026.

What does the target imply?

The valuation case depends on continued operating growth. In the second quarter of 2026, revenue rose 13.00 percent year over year to EUR 327.7 million, while net income increased 25.40 percent to EUR 66.0 million, according to VZ VermögensZentrum on July 30, 2026. That combination gives JPMorgan a numerical basis for its positive earnings view, but the 50.01 percent target distance also leaves room for a demanding market response to the next report.

Three dates frame the rerating

On March 19, 2026, Nemetschek's investor-relations page reported fiscal-year 2025 revenue of EUR 1.19 billion and EBITDA of EUR 371.1 million. On July 30, 2026, second-quarter revenue reached EUR 327.7 million, up 13.00 percent year over year, according to VZ VermögensZentrum.

On October 20, 2026, JPMorgan maintained its EUR 110.00 target and Overweight rating, as reported by Boerse.de. The sequence moves from reported growth to an analyst valuation that is now being tested by the next operating update.

Next results arrive November 5

Nemetschek's investor-relations calendar lists November 5, 2026, for publication of the third-quarter 2026 report. That date is the next concrete test of whether revenue growth and profitability are tracking the expectations behind the EUR 110.00 target.

Stock trades below the Xetra close

At 10:40 a.m. CEST on October 20, 2026, the Nemetschek share was EUR 73.33 at Lang & Schwarz, 3.83 percent below the EUR 76.25 Xetra close of October 19, 2026. The contrast is clear: second-quarter net income rose 25.40 percent, while the current euro quotation sits below the previous Xetra session.

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