Bernstein kept Outperform rating for Scout24 stock

Published on 10/08/2026 at 12:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein's October 1 target is EUR 90.00, 29.12 percent above EUR 69.70. Scout24 stock costs EUR 69.70 on October 8, 2026, 33.93 percent below EUR 105.50.

Schwarzweiß-Reportagefoto einer Schlüsselübergabe vor Berliner Altbau-Wohnhaus — Diese dokumentarische Schwarzweiß-Aufnahme symbolisiert den Wohnungswechsel, den Scout24 SE (DE000A12DM80) täglich digital unterstützt, Illustration mit AI erstellt.

Scout24 (ISIN DE000A12DM80) was trading at EUR 69.70 at Lang & Schwarz on October 8, 2026 at 12:02 p.m. CEST. According to finanzen.ch on October 2, 2026, Bernstein Research had kept its Outperform rating and EUR 90.00 price target in a study dated October 1, 2026.

Bernstein sees room above EUR 90

The target stands 29.12 percent above the Lang & Schwarz price of EUR 69.70. The calculation uses EUR 90.00 divided by EUR 69.70 minus one, keeping the analyst target and the German market quote in the same currency.

finanzen.ch reported that Bernstein analyst Annick Maas linked the assessment to concerns about artificial intelligence displacing classified-ad platforms and weakness in the German real estate market. The report said Scout24 had not participated in the recovery of the broader group of affected shares, leaving what Bernstein described as catch-up potential.

Q2 growth keeps the operating case visible

Scout24 reported 20.00 percent revenue growth in the second quarter of 2026 and 18.00 percent growth in adjusted earnings per share in its August 6, 2026 investor update. The comparison is year over year and uses the companys adjusted metric rather than GAAP earnings per share.

The companys investor-relations page also lists EUR 180.0 million of group revenue and EUR 108.0 million of ordinary operating EBITDA for the first quarter of 2026, with a 60.10 percent ordinary operating EBITDA margin. These figures frame the debate around Scout24: the operating picture remains growth-oriented, while valuation depends on whether new products can offset the artificial-intelligence concern highlighted by Bernstein.

Third-quarter results are due November 4

EQS News lists November 4, 2026 as the publication date for Scout24s third-quarter and nine-month 2026 results, including an analyst conference call. That date gives the market a defined checkpoint for subscriber trends, revenue growth and the companys response to the AI debate.

Scout24 remains below its yearly high

Scout24 was 33.93 percent below its 52-week high of EUR 105.50 on October 8, 2026, while the 52-week low stood at EUR 62.70. Lang & Schwarz showed a plus 0.32 percent change versus its prior close of EUR 69.48 on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Scout24 stock.