UBS has raised its price target for Scout24 from €77.70 to €79.00, while keeping a "Neutral" rating. This adjustment comes after a conference call where the company's quarterly figures were discussed and management expressed optimism about strong momentum expected for 2025.
Analyst Jo Barnet-Lamb noted that the real estate portal operator is predicted to benefit from a gradual recovery in the German housing market. The report, published on November 1, 2024, highlights the positive outlook from Scout24's management, indicating confidence in the company's growth prospects amid improving market conditions.