Barclays cuts Teamviewer to 'equal-weight' on AI vulnerability

TeamViewer SE

16/03/2026 08:49

** Barclays downgrades Teamviewer TMV.DE to "equal-weight" from "overweight" as it sees artificial intelligence as a threat to the German software company's business model

** The broker says the emergence of AI lowers barriers to entry for Teamviewer's competitors

** Barclays adds that 1E, which Teamviewer acquired in 2024, has performed poorly ever since

** It also says that AI assistants increasingly help users to self-solve issues , resulting in a decline in ticket volumes

** Shares of TeamViewer are down 1.3% and are among the bottom movers of the German mid-cap index .MDAXi

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))