Scout24 stock: Berenberg keeps EUR 140.00 target for Scout24 stock

Published on 10/20/2026 at 16:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter revenue at Scout24 reached EUR 180 million. Scout24 stock costs EUR 80.70 on October 20, 2026, plus 1.00 percent versus its Xetra close.

Analyst target and reporting date

Berenberg kept its Buy rating and EUR 140.00 target on October 9, 2026.
Scout24 reported EUR 180 million revenue for the first quarter of 2026.
Scout24 stock costs EUR 80.70 at Lang & Schwarz on October 20, 2026 at 4:07 p.m. CEST, plus 1.00 percent versus the EUR 79.90 Xetra close of October 19, 2026.
Scout24 is scheduled to publish nine-month and third-quarter results on November 4, 2026.

Trading-Floor mit MDAX-Kurscharts und Immobilien-Icons auf großen Bildschirmen — Die Handelssaal-Szene mit MDAX-Charts zeigt die Börsennotierung von Scout24 SE (DE000A12DM80) an der Frankfurter Xetra-Börse, Illustration mit AI erstellt.

Scout24 (ISIN DE000A12DM80) has a EUR 140.00 price target from Berenberg, which kept its Buy rating in a recommendation dated October 9, 2026. According to FinanzNachrichten, the target lies 73.48 percent above the EUR 80.70 price. At Lang & Schwarz, Scout24 stock was trading at EUR 80.70 on October 20, 2026 at 4:07 p.m. CEST, plus 1.00 percent versus the Xetra close of October 19, 2026 at EUR 79.90.

First-quarter revenue reached EUR 180 million

Scout24's first-quarter 2026 revenue was EUR 180 million, while ordinary operating EBITDA stood at EUR 108 million and the ordinary operating EBITDA margin reached 60.10 percent. These figures come from Scout24. The figures give the valuation discussion a profitable operating base rather than relying only on the analyst target.

The latest reported half-year update carried a separate growth signal, but the next results will test whether that pace persisted into the second half. Scout24's platform serves residential and commercial property markets, making subscriber growth and commercial customer trends important indicators for the November report.

Stock remains below its yearly high

Scout24's 52-week range was EUR 62.70 to EUR 103.20 as of October 20, 2026. The Lang & Schwarz price was 21.80 percent below the high and 28.71 percent above the low, placing the stock closer to the upper half of its yearly range than to its lower boundary.

The daily move was modest beside that broader range. The EUR 79.90 Xetra close of October 19, 2026 provides the comparison base, while the current EUR 80.70 quote leaves the stock 19.00 percent below Berenberg's EUR 101.00 target from an earlier analyst view and 42.00 percent below its EUR 140.00 target.

Valuation meets the next reporting date

Scout24 carried a price-to-earnings ratio of 20.40 and a market capitalization of EUR 5.6 billion as of October 20, 2026. Berenberg's target therefore points to a substantially higher valuation, while the current multiple remains the more immediate market measure.

As a counterpoint, Goldman Sachs cut its target from EUR 108.00 to EUR 101.00 while retaining a Buy rating in a note dated October 9, 2026, as Boerse.de reported. Scout24's investor-relations calendar lists November 4, 2026 for the nine-month and third-quarter report and analyst conference call, according to Scout24.

Target spread sets the valuation frame

Berenberg's EUR 140.00 target and Goldman's EUR 101.00 target create a EUR 39.00 difference between two Buy-rated views dated October 9, 2026. For investors, the November 4 results should provide the next quantified test of revenue growth, profitability and commercial customer demand. At Lang & Schwarz, Scout24 stock was trading at EUR 80.70 on October 20, 2026 at 4:07 p.m. CEST, plus 1.00 percent versus the Xetra close of October 19, 2026 at EUR 79.90. The further course of trading is shown by the continuously updated real-time quote of Scout24 stock.