03 September 2025

Test 03.09.2025

KPS AG, RIB Software SE

Target price

 

Recommendation

 

Buy

02 July 2025

TEST 02.07.2025

Aves One AG, KPS AG, SAF-Holland SA, VTG AG

Target price

 

Recommendation

 

Buy

10 January 2025

TEST 10.01.2025

EQS Group AG, GFT Technologies SE

Target price

 

Recommendation

 

Buy

04 October 2024

asdasdad

Bechtle AG

Target price

 

Recommendation

 

Buy

05 June 2024

Test 06.06.2024

init innovation in traffic systems SE

Target price

 

Recommendation

 

Buy

21 January 2024

sponsored

Test 22.01.2024

RIB Software SE

Target price

 

Recommendation

 

26 October 2023

TEST 27.10.2023

PSI Software AG

Target price

 

Recommendation

 

Buy

20 August 2023

Test 21.08.23 RM

Bechtle AG

Target price

 

Recommendation

 

Buy

27 July 2023

Test 28.07.23

Nemetschek SE

Target price

 

Recommendation

 

Buy

23 February 2023

sponsored

Test 24.02.23 RM 2

RIB Software SE

Target price

 

Recommendation

 

12 February 2023

test 13.02.23 RM

Bechtle AG

Target price

 

Recommendation

 

Buy

26 September 2022

Test02 27.06.2022 RM

Aurubis AG, Bechtle AG

Target price

 

Recommendation

 

Buy

01 September 2021

Test 2. Sept

Datagroup SE

Target price

 

Recommendation

 

Buy

27 July 2021

Test2

Reply SPA

Target price

 

Recommendation

 

Buy

19 July 2021

test ralf

PSI Software AG

Target price

 

Recommendation

 

Buy

10 November 2019

GFT with very positive Q3 figures – significant pick-up on revenues

Bechtle AG

Target price

 

Recommendation

 

Buy

20 May 2019

Cloud platform about to gain market share as flexible one-stop shop

Datagroup SE

Target price

 

Recommendation

 

Buy

14 May 2019

H2 expected to be somewhat weaker & IFRS impact not mentioned

KPS AG

Target price

 

Recommendation

 

Buy

12 May 2019

sponsored

Q1 slightly better than expected

GFT Technologies SE

Target price

 

Recommendation

 

02 May 2019

sponsored

User growth better than expected

RIB Software SE

Target price

 

Recommendation

 

14 April 2019

Cloud platform about to gain market share as flexible one-stop shop

Datagroup SE

Target price

 

Recommendation

 

Buy

01 April 2019

Outlook for FY 2019 EBIT conservative

init innovation in traffic systems SE

Target price

 

Recommendation

 

Buy

25 March 2019

Increased growth expectations lead to target price upgrade

PSI Software AG

Target price

 

Recommendation

 

Buy

04 March 2019

Q4 top line well ahead of consensus

Nexus AG

Target price

 

Recommendation

 

Buy

27 February 2019

sponsored

Buying opportunity after bad news released

GFT Technologies SE

Target price

 

Recommendation

 

14 February 2019

Racehorse: KPS AG

KPS AG

Target price

 

Recommendation

 

Buy

13 February 2019

sponsored

Racehorse: RIB Software SE

RIB Software SE

Target price

 

Recommendation

 

05 February 2019

Racehorse: Nemetschek SE, Bechtle AG

Bechtle AG, Nemetschek SE

Target price

 

Recommendation

 

Buy

04 February 2019

Estimates up ahead of preliminaries

Nemetschek SE

Target price

 

Recommendation

 

Buy

30 January 2019

Guidance slightly below expectations

KPS AG

Target price

 

Recommendation

 

Buy

27 January 2019

Preview: Guidance to be released & positive Q1 18/19 expected

KPS AG

Target price

 

Recommendation

 

Buy

29 November 2018

Bechtle set to gain market share & continue strong track record

Bechtle AG

Target price

 

Recommendation

 

Buy

15 November 2018

sponsored

Adjustment of YTWO expectations

RIB Software SE

Target price

 

Recommendation

 

13 November 2018

Q3 slightly better than expected

Reply SPA

Target price

 

Recommendation

 

Buy

07 November 2018

sponsored

GFT: Mid-term guidance at risk & 2018 sales guidance slightly lowered

GFT Technologies SE

Target price

 

Recommendation

 

05 November 2018

Q3/18 slightly better than expected

Nexus AG

Target price

 

Recommendation

 

Buy

31 October 2018

sponsored

Further Guidance increase possible

RIB Software SE

Target price

 

Recommendation

 

28 October 2018

sponsored

Lower TP due to higher sales cost

GFT Technologies SE

Target price

 

Recommendation

 

27 September 2018

Initation: Overlooked technological leadership providing upside

PSI Software AG

Target price

 

Recommendation

 

Buy

19 August 2018

Strong investment in IT knowledge

EQS Group AG

Target price

 

Recommendation

 

Buy

12 August 2018

FY 2018 guidance confirmed

init innovation in traffic systems SE

Target price

 

Recommendation

 

Buy

08 August 2018

Initiation: Profiting from ongoing digitalisation

Reply SPA

Target price

 

Recommendation

 

Buy

27 June 2018

Initiation: Best in class product innovation paired with strong tailwinds

Nexus AG

Target price

 

Recommendation

 

Buy

11 June 2018

Initiation: Consistent growth at a fair price

Nemetschek SE

Target price

 

Recommendation

 

Buy

03 June 2018

Q1-18 characterized by investment offensive

EQS Group AG

Target price

 

Recommendation

 

Buy

13 May 2018

Cautious start into FY 2018

init innovation in traffic systems SE

Target price

 

Recommendation

 

Buy

23 April 2018

sponsored

RIB and Microsoft join forces

RIB Software SE

Target price

 

Recommendation

 

18 April 2018

sponsored

CMD Feedback

GFT Technologies SE

Target price

 

Recommendation

 

27 March 2018

sponsored

Buying opportunity – on the operational side nothing has changed

RIB Software SE

Target price

 

Recommendation

 

25 March 2018

Under full steam

init innovation in traffic systems SE

Target price

 

Recommendation

 

Buy

06 March 2018

Prel. FY 2017 figures far above expectations

init innovation in traffic systems SE

Target price

 

Recommendation

 

Buy

01 March 2018

sponsored

Initiation: Massive upside potential from joint venture

RIB Software SE

Target price

 

Recommendation

 

21 February 2018

Growth to be restored

GFT Technologies SE

Target price

 

Recommendation

 

Buy

05 February 2018

Digitalization will support growth

KPS AG

Target price

 

Recommendation

 

Buy