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Equity Research

Our research approach has been the foundation for many good investment ideas leading to market outperformance.

 

Market Research

Sector Research, Index changes and more.

Newest Reports

06 August 2026

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The growth path has been reduced, but it is still intact

Schaeffler AG

Target price

 

Recommendation

 

06 August 2026

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New mid-term guidance around the corner

Deutz AG

Target price

 

Recommendation

 

05 August 2026

Q2-26: fall in share price exaggerated

Zalando SE

Target price

 

Recommendation

 

Buy

04 August 2026

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Strong growth, HCSS adds potential

Nemetschek SE

Target price

 

Recommendation

 

03 August 2026

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Strong AI demand supports growth

Reply SPA

Target price

 

Recommendation

 

31 July 2026

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FY 2026 guidance confirmed

Villeroy & Boch AG

Target price

 

Recommendation

 

27 July 2026

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Cloud orders and margins improve

Intershop Communications AG

Target price

 

Recommendation

 

27 July 2026

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AI-native demand accelerates growth

Serviceware SE

Target price

 

Recommendation

 

23 July 2026

Increase of FY 2026 adj. EBITDA

MBB SE

Target price

 

Recommendation

 

Buy

14 July 2026

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High volatility in the short term

Vossloh AG

Target price

 

Recommendation

 

08 July 2026

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Initiation of Coverage: Buy, TP 60.00

PEH Wertpapier AG

Target price

 

Recommendation

 

23 June 2026

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Feedback from Capital Markets Day

Daldrup & Söhne AG

Target price

 

Recommendation

 

23 June 2026

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Successful start to FY 2026/27

Hornbach Holding & Co. KGaA

Target price

 

Recommendation

 

03 June 2026

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Further growth ahead

Daldrup & Söhne AG

Target price

 

Recommendation

 

28 May 2026

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Q1-26: a solid start to FY 2026

Ernst Russ AG

Target price

 

Recommendation

 

21 May 2026

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Discipline over volume; guidance reiterated

Delticom AG

Target price

 

Recommendation

 

20 May 2026

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Still No.1 in sales productivity

Hornbach Holding & Co. KGaA

Target price

 

Recommendation

 

20 May 2026

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Strong AI momentum continues

Reply SPA

Target price

 

Recommendation

 

15 May 2026

Excellent start into FY 2026

init innovation in traffic systems SE

Target price

 

Recommendation

 

Buy

15 May 2026

Q1-26: strong increase of adj. EBITDA

MBB SE

Target price

 

Recommendation

 

Buy

13 May 2026

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Q1-26: solid start into FY 2026

Villeroy & Boch AG

Target price

 

Recommendation

 

12 May 2026

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Order book and margin step-up make the 2028 path tangible

Deutz AG

Target price

 

Recommendation

 

11 May 2026

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Solid start to the year confirms 2028 story – E-Mobility holds the key

Schaeffler AG

Target price

 

Recommendation

 

11 May 2026

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Strong SaaS momentum continues

Serviceware SE

Target price

 

Recommendation

 

11 May 2026

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Solid Q1 with margin improvement

GFT Technologies SE

Target price

 

Recommendation

 

11 May 2026

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Cost discipline drives profitability

Intershop Communications AG

Target price

 

Recommendation

 

08 May 2026

Strong increase in gross margin

Mister Spex

Target price

 

Recommendation

 

Buy

07 May 2026

Q1-26: A strong quarter ahead

init innovation in traffic systems SE

Target price

 

Recommendation

 

Buy

07 May 2026

Tailwind from About You integration and AI

Zalando SE

Target price

 

Recommendation

 

Buy

27 April 2026

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Record backlog, book-to-bill above one, robust revenue growth

Vossloh AG

Target price

 

Recommendation

 

15 April 2026

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Acquisition of 4 Tanker newbuildings

Ernst Russ AG

Target price

 

Recommendation

 

15 April 2026

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Acquisition of 4 Tanker newbuildings

Ernst Russ AG

Target price

 

Recommendation

 

Sectors

Top Picks

06 August 2026

sponsored

The growth path has been reduced, but it is still intact

Schaeffler AG

Target price

 

Recommendation

 

06 August 2026

sponsored

New mid-term guidance around the corner

Deutz AG

Target price

 

Recommendation

 

14 July 2026

sponsored

High volatility in the short term

Vossloh AG

Target price

 

Recommendation

 

12 May 2026

sponsored

Order book and margin step-up make the 2028 path tangible

Deutz AG

Target price

 

Recommendation