GFT Technologies stock gets Buy rating, EUR 32 target from NuWays
Published on 11/15/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst sees room above guidance
- NuWays rates GFT Technologies SE Buy with a 12-month target price of EUR 32.
- The research cites accelerating sales, stronger backlog growth and wider margins after the third quarter.
- NuWays says the raised 2026 targets still imply a marked fourth-quarter slowdown.
NuWays rates GFT Technologies SE Buy with a 12-month target price of EUR 32 in research published Friday, November 13. The analyst raised estimates after the company's stronger third-quarter performance and said the higher 2026 outlook still leaves room for upside.
The research, NuWays analysis published through EQS News, points to a 22 percent year-on-year increase in GFT's September order backlog to EUR 397 million. Third-quarter sales rose 11.5 percent year on year to EUR 238.3 million, while adjusted EBIT increased 31.7 percent to EUR 20.3 million. The adjusted EBIT margin reached 8.5 percent.
Raised targets leave a slower quarter
GFT raised its 2026 revenue target to EUR 945 million from EUR 930 million and its adjusted EBIT target to EUR 72 million from EUR 71 million. NuWays calculates that the targets imply fourth-quarter revenue of about EUR 244 million and adjusted EBIT of about EUR 19.1 million, compared with its own forecasts of EUR 245 million and EUR 21.1 million.
The analyst expects GFT's banking, cloud and data services to benefit from continued modernization spending. The research also retains a roughly 9.5 percent adjusted EBIT margin ambition for 2029, while noting that the company has replaced its earlier absolute revenue target with a qualitative growth objective.
German equities trade against the backdrop of the DAX market.
More news and analyses on GFT Technologies stock
GFT Technologies SE
- ISIN: DE0005800601
- Ticker: GFT
- Analyst: NuWays AG
- Recommendation: Buy
- 12-month target price: EUR 32
