Despite the pandemic, Software AG has shown stable business development. At the end of August, 50 percent of the orders expected for the third quarter had already been booked. The Helix transformation project is ongoing and has already largely been implemented. You want to make better use of technological strengths.
The DZ Bank analysts are becoming more optimistic for the Darmstadt company overall. For 2020 they continue to expect earnings per share of 1.73 euros, in 2021 it should be 1.98 euros (old: 1.97 euros). The forecast for 2022 increases from 2.13 euros to 2.16 euros.
So far, the analysts have given a hold recommendation for the shares of Software AG; In today’s study there is a purchase recommendation for the paper. The price target is raised to EUR 50.00. This is an improvement of 25 percent.
Software AG shares gained 1.0 percent in the afternoon to 42.60 euros.
At a glance – chart and news: Software AG