Nemetschek Stock: Mixed Signals Despite Strong Growth
Nemetschek SE experienced a notable decline on the Frankfurt Stock Exchange, with shares dropping 1.7 percent to reach a daily low of 113.20 euros during XETRA trading. Despite this temporary setback, the Stock maintains a strong position, trading significantly above its 52-week low of 79.30 euros from April 2024 - representing an impressive gain of over 30 percent. The recent achievement of a yearly high at 117.50 euros further underscores the software company's positive momentum in the market, even as current trading shows some volatility.
Financial Performance and Outlook
The company's third-quarter results for 2024 demonstrate robust growth, with revenue increasing by 15.1 percent to reach 253.03 million euros. Analysts project earnings per share of 1.52 euros for the full year 2024, while the dividend forecast has been raised to 0.534 euros per share, up from the previous year's 0.48 euros. However, the average analyst price target stands at 105.89 euros, suggesting some caution despite the stock's current trading level above this target.
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Read our updated Nemetschek analysis...Source StockWorld
Nemetschek SE Stock
Our community is currently high on Nemetschek SE with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 122 € is below the current price of 130.2 € for Nemetschek SE, so the potential is actually -6.3%.
