Goldman Sachs Maintains 'Neutral' Rating on Nemetschek, Sets Price Target of €95

Analysts at Goldman Sachs have kept their 'Neutral' rating on Nemetschek, a German software company specializing in the architecture, engineering, and construction (AEC) industry.

The bank has also set a price target of €95 for the company's shares.

In a research note sent to clients on Tuesday, Goldman Sachs analysts said they believe that Nemetschek's shares are fairly valued at current levels. They noted that the company has a strong track record of growth, but they believe that this growth is already reflected in the company's share price.

The analysts also pointed to a number of risks that Nemetschek faces, including the impact of the COVID-19 pandemic, the ongoing global economic uncertainty, and the increasing competition in the AEC software market. They believe that these risks could weigh on Nemetschek's growth prospects in the near term.

Overall, Goldman Sachs analysts believe that Nemetschek is a well-managed company with a strong market position. However, they believe that the company's shares are fairly valued at current levels. They have therefore maintained their 'Neutral' rating on the stock.