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On Wednesday, Berenberg analysts increased their price target on GFT Technologies SE (GFT:GR) to €28, up from the previous €27, while reiterating a Buy rating on the shares. The firm acknowledged GFT Technologies’ proactive approach in equipping its workforce with artificial intelligence skills, which is expected to benefit the company in securing new customer projects and enhancing internal operations, such as cost management.
Despite a challenging start to the year, with a first-quarter adjusted EBIT decline of 18% year-over-year against a backdrop of 4% sales growth, Berenberg remains optimistic about GFT’s prospects. The dip in earnings before interest and taxes has sparked investor worries regarding the firm’s cost control capabilities and the feasibility of achieving its full-year financial goals.
Berenberg, however, points to a robust order book showing a 14% year-over-year increase and management’s commitment to cost-saving strategies as factors that will likely support sales growth and margin improvements starting in the third quarter of 2025. The analysts project that these measures will help GFT Technologies meet its ambitious full-year sales and profitability targets.
The investment firm also notes that as investors begin to focus on growth prospects beyond 2025, GFT’s shares are currently trading at a notable discount compared to its industry peers. This valuation gap, coupled with the company’s strategic initiatives, underpins Berenberg’s decision to maintain a positive outlook on GFT Technologies and to slightly lift the price target to €28.
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