Nemetschek guidance view trimmed by Goldman, shares stay in MDAX spotlight

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-30, 13:22.

Nemetschek (DE0006452907) sees its medium-term valuation lens adjusted after a fresh Goldman Sachs note. The MDAX-listed software group remains rated Buy as the US bank trims its price target to 90 euros in a cautious sector view. Goldman Sachs update on Nemetschek

What Goldman Sachs changes

The Goldman Sachs report dated June 29 lowers the Nemetschek target from 100 to 90 euros but keeps the Buy recommendation, signaling continued long-term confidence despite near-term headwinds in European software. Details from the Goldman Sachs note

Analyst Mohammed Moawalla becomes more cautious on Nemetschek's organic revenue growth for the second quarter and full year 2026, pointing to a muted demand environment in construction technology and the broader software segment. Analyst commentary on growth expectations

Consensus picture and index status

Nemetschek shares trade in the Prime Standard segment in Frankfurt and are members of the TecDAX, MDAX and Stoxx Europe 600, keeping the stock firmly anchored in German and European benchmark indices for software and industrial technology investors. Index and segment data on Nemetschek

Platforms such as finanzen.at show Nemetschek with a fundamental score of 1 out of 4 stars and classify risk as high, underlining why analysts like Goldman focus on growth visibility and margin resilience when setting targets. Fundamental snapshot on Nemetschek

The product behind the stock

Nemetschek generates most of its revenue with software for architecture, engineering and construction, including its Allplan design suite for BIM-based planning and structural engineering workflows in complex building projects. Nemetschek Allplan product overview

Where the Nemetschek shares trade today

The Nemetschek shares (DE0006452907) trade on Xetra at 55.10 euros as of 2026-06-30, 07:53, according to finanzen.at, reflecting a 0.63 percent decline on the day. Latest Nemetschek Xetra quote

This article is for informational purposes only and does not constitute investment advice, investment recommendation or an offer or solicitation to buy or sell any securities. All data have been carefully researched but carry no guarantee; investors should consult professional advisors before making investment decisions.