Nemetschek stock carries Berenberg Buy rating

Published on 10/03/2026 at 22:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nemetschek stock had Q2 revenue of EUR 327.65 million, up 12.97 percent year over year. Berenberg kept its EUR 115 target on September 25, 2026.

Makrofoto eines technischen Bauplans mit Bleistiftspitze im Vordergrund — Nemetschek SE ISIN DE0006452907: Makroaufnahme einer detaillierten Bauplan-Zeichnung mit Bleistiftspitze in Nahaufnahme, Illustration mit AI erstellt.

Nemetschek stock carried a EUR 115 Berenberg price target after trading at EUR 61.45 on Xetra on October 2, 2026, up 0.74 percent from the prior close. The latest company figures show Q2 revenue of EUR 327.65 million and earnings per share of EUR 0.57.

Berenberg keeps EUR 115 target

According to FinanzNachrichten on September 25, 2026, Berenberg retained its Buy rating and EUR 115 price target for Nemetschek. The target is EUR 53.55 above the October 2 Xetra price, leaving a 87.2 percent difference between the two levels.

Deutsche Bank Research had already raised its target from EUR 75 to EUR 80 while retaining a Buy rating, according to FinanzNachrichten on September 7, 2026. The two targets point to different assumptions about how quickly the HCSS acquisition can contribute to earnings.

Q2 revenue rises 12.97 percent

Nemetschek reported EUR 327.65 million in Q2 2026 revenue, compared with EUR 290.03 million in the year-earlier quarter, while EPS increased from EUR 0.45 to EUR 0.57. The figures were published on July 30, 2026, according to the company's investor-relations page.

The first-half 2026 revenue total was EUR 640.75 million. Nemetschek also expects 2026 revenue growth of 20 percent to 21 percent after the HCSS transaction, while organic currency-adjusted growth remains guided at 14 percent to 15 percent, according to the Nemetschek investor-relations page.

Q3 report is scheduled for November 5

The next dated checkpoint is Nemetschek's Q3 2026 report, scheduled for November 5, 2026, on the company's financial calendar. That date matters because the HCSS integration is now part of the reported group, while the analyst targets imply that investors are assigning different timing to its financial contribution.

On October 2, 2026, Nemetschek stock was at EUR 61.45 on Xetra, with the session showing a 0.74 percent gain. The company is listed in the MDAX and operates in software for architecture, engineering, construction and media markets.