UBS has raised its price target for Scout24 from €77.70 to €79.00, while keeping its "Neutral" rating.

This adjustment comes after a conference call where the company's quarterly figures were discussed and management expressed optimism about the strong momentum expected for 2025.

Analyst Jo Barnet-Lamb pointed out that the German housing market's gradual recovery is expected to benefit the real estate portal operator.

The report, published on November 1, 2024, highlights the positive outlook from Scout24's management, indicating that the company is well-positioned to navigate the changing market conditions.