JPM upgrades Nemetschek as AI opportunities outweigh risks

Nemetschek SE

26/01/2026 07:52

** J.P Morgan upgrades German software company Nemetschek NEKG.DE to "buy" from "sell" and adds it to its top picks for the software sector

** The broker sees greater AI monetisation opportunity than disruption risks, and notes that a successful launch of Bluebeam Max, a premium AI product package, in H1 of 2026 could mark a shift in investor sentiment

** "Nemetschek now offers the highest earnings growth within our coverage, while also trading on the the lowest PEG ratio," JPM writes

** It increases Nemetschek's target price by 22% to 110 euros per share

** Out of 21 analysts that cover Nemetschek, 12 rate it "strong buy" or "buy", ​seven "hold" and two "strong sell" or "sell" - LSEG data

(Reporting by Tristan Veyet)

((Tristan.chabba@thomsonreuters.com))