TeamViewer shares jump 10% after broker upgrade

TeamViewer SE

01/09/2025 11:50

** Shares of TeamViewer TMV.DE are up around 10% after BofA Global Research upgraded its rating on the German software company to "buy" from "underperform"

** The broker now expects TeamViewer's CAGR revenue growth in 2025-28 of 8% vs 6.7% before, saying that it is better positioned to embrace the changing tech landscape and the AI revolution

** It notes that TeamViewer's AI tools provide device-specific remediation solutions in real time and that the company prices new add-ons on a per endpoint basis, mitigating the risk of declining need for support as AI efficiency improves

** It also sees multiple growth drivers, citing cross-selling opportunities from recently-acquired 1E, improving sales efficiency and new product launches in the small-medium-sized business range

** "At 5.7x FY26E EBITDA and 7.8x P/E, it is at a steep discount to European software peers," it says

** If gains hold, the company's shares will see their best day since over a year

 (Reporting by Emanuele Berro)

 ((emanuele.berro@thomsonreuters.com))