JPMorgan keeps EUR 110 target for Nemetschek stock

Published on 10/27/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan kept its Overweight rating and EUR 110.00 target on October 20, 2026. Nemetschek stock costs EUR 73.70, 0.81 percent below Xetra close.

Operating milestones and market test

On October 20, 2026, JPMorgan maintained its EUR 110.00 target and Overweight rating.
Second-quarter revenue reached EUR 327.66 million, up 13.00 percent year over year.
Nemetschek stock trades at EUR 73.70 at 9:41 a.m. CEST at Lang & Schwarz on October 27, 2026, 0.81 percent below the Xetra close of October 26, 2026.

Nemetschek, DE0006452907, Illustration mit AI erstellt.

Nemetschek stock (ISIN DE0006452907) was trading at EUR 73.70 at Lang & Schwarz on October 27, 2026 at 9:41 a.m. CEST, down 0.81 percent versus the Xetra close of October 26, 2026 at EUR 74.30. The immediate test for the software group is whether its upcoming third-quarter report can support the ambitious growth expectations attached to its artificial intelligence strategy.

On October 20, 2026, MarketScreener reported that JPMorgan maintained its Overweight rating and EUR 110.00 price target. Analyst Joseph George placed Nemetschek on JPMorgan's Analyst Focus List and pointed to artificial intelligence monetization and infrastructure expansion as reasons for the positive view.

Results must validate the thesis

The latest reported figures provide a concrete benchmark. In the second quarter of 2026, revenue rose 13.00 percent year over year to EUR 327.66 million, while net income reached EUR 66.04 million, according to Investing.com. The same report said recurring revenue represented 95.00 percent of sales and subscription and software-as-a-service revenue increased 29.60 percent in the first half of 2026.

Three milestones shape the thesis

The chronology shows how the growth case has developed: on July 1, 2026, Nemetschek completed the HCSS acquisition; on July 30, 2026, the company reported successful first-half growth; and on October 20, 2026, JPMorgan set the EUR 110.00 target and retained its Overweight rating, with the events listed on the Nemetschek investor-relations page.

What does the target mean for valuation?

The target sits materially above the current euro quotation, but it is an analyst expectation rather than a company forecast. The counter-factor is execution: HCSS integration and the conversion of AI features into recurring revenue must appear in the operating figures before the investment case becomes stronger on fundamentals.

Next report arrives November 5

The next substantiated corporate date is November 5, 2026, when Nemetschek is scheduled to publish its third-quarter 2026 results, according to the Nemetschek investor-relations page. That release will show whether the reported second-quarter revenue growth and recurring-revenue mix are continuing.

Stock holds near the Xetra mark

The EUR 73.70 quotation is 0.81 percent below the EUR 74.30 Xetra close of October 26, 2026. Nemetschek's market capitalization is EUR 8.5 billion, and its 52-week range is EUR 50.45 to EUR 105.10 as of October 27, 2026.

The further course of trading is shown by the continuously updated real-time quote of Nemetschek stock.