Siemens AG has experienced a significant increase in its share price recently, following a period of consolidation.
The stock has surpassed its previous high and has been boosted by strong financial results. Siemens announced earnings per share and sales that exceeded expectations, thanks to the surge in orders from the data center industry.
The company's revenue forecasts for fiscal 2025 also indicate a positive growth trajectory, aligning with the increasing demand for data centers.
From a technical perspective, the stock has entered a new uptrend and analysts project a target price for the shares. However, the psychological barrier of €200 may pose a challenge.
The upcoming financial results in mid-February are expected to impact market sentiment. Overall, Siemens is well-positioned in the data center market, but investors should be cautious of potential volatility.