UBS has increased its target price for Scout24 from €77.70 to €79.00, while keeping a 'neutral' rating after a quarterly earnings conference call.
Analyst Jo Barnet-Lamb emphasized that management expects strong momentum for the year 2025, indicating positive prospects for the company.
The report also mentions that Scout24 is predicted to benefit from a gradual recovery in the German housing market, which could improve its performance in the future. This outlook demonstrates a growing confidence in the real estate portal operator's ability to effectively navigate market challenges.