Nemetschek shares have been downgraded by UBS from "Buy" to "Neutral," with the price target being raised from 98 euros to 115 euros.
According to analyst Michael Briest, the recent performance of the stock has limited the potential for surprises in 2025, indicating that the shares are currently highly valued.
The analysis, published on November 8, 2024, suggests that there may be limited significant developments in the near future.
This change in rating reflects a cautious outlook on the future performance of the building software provider, following a strong run.