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Investing.com - Deutsche Bank lowered its price target on Atoss Software (ETR:AOF) to EUR130.00 from EUR145.00 on Friday, while maintaining a Buy rating on the workforce management software provider.
The bank’s adjustment follows its hosting of Atoss Software’s CFO at the dbAccess TMT conference in London, which marked the company’s first roadshow since its second-quarter results.
Deutsche Bank noted significant interest from new investors in Atoss following the recent sell-off in the company’s shares.
The bank highlighted that Atoss experienced a decline in incoming orders of more than 10% during the first half of the year compared to the previous year, attributing this primarily to difficult comparisons with a particularly strong second quarter last year.
Deutsche Bank pointed out that year-over-year comparisons will become "significantly easier" in the second half of 2025, especially in the third quarter, where Atoss has already secured orders matching last year’s third-quarter level and is catching up on a year-to-date basis.
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