G24: Revenue Momentum And Index Inclusion Will Drive Shares Higher

Scout24's analyst price target has inched up to EUR 143.60 from EUR 142, as analysts point to stronger revenue growth expectations, offset only partly by slightly lower margin forecasts and a higher assumed discount rate.

Analyst Commentary

Recent research updates underline a broadly constructive stance on Scout24, with several bullish analysts lifting their valuation frameworks in response to improving fundamentals and execution confidence.

Across the coverage universe, the prevailing recommendation tone remains positive, as upward revisions to price targets reflect stronger conviction in the company’s ability to sustain revenue growth and defend margins despite a higher discount rate environment.

Even where individual targets have been reduced, the associated ratings largely remain supportive, indicating that the moves are seen as technical recalibrations rather than a change in the medium term growth narrative.

Bullish Takeaways

• Bullish analysts have taken price targets up into a band of around EUR 130 to more than EUR 140, signaling confidence that Scout24’s earnings trajectory and cash generation can support a higher equity valuation over time.
• Sequential target increases clustered around the low to mid EUR 140s suggest that the market is rewarding consistent operational delivery and improved visibility on revenue growth, particularly in higher margin digital and ancillary services.
• Most bullish calls maintain positive ratings alongside target hikes, highlighting a view that the stock still offers upside versus current trading levels, with scope for multiple expansion if execution on growth initiatives remains solid.
• Even after a notable downward revision from JPMorgan, the Overweight stance is intact, reinforcing the argument that short term adjustments to discount rates or macro assumptions have not derailed the constructive long term outlook on Scout24’s business model.

What's in the News

• Scout24 narrowed its full year 2025 revenue guidance to the mid to upper end of the previously indicated 14 to 15 percent range, signaling increased confidence in near term growth delivery (corporate guidance, raised).
• The company issued new guidance indicating that revenue growth in the fourth quarter of 2025 is expected to be slower than in earlier quarters, but reiterated expectations for a return to double digit organic revenue growth in 2026, supported by momentum in the core business (corporate guidance, new/confirmed).
• Scout24 was added to the Germany DAX Index Performance benchmark, which underlines its growing market relevance and visibility with institutional investors (index constituent adds).
• In a separate index action, Scout24 was removed from another index. This reflects ongoing benchmark rebalancing rather than a fundamental shift in the business trajectory (index constituent drops).

Valuation Changes

• The consensus analyst price target has risen slightly from €142.00 to €143.60, reflecting a modest uplift in assessed fair value.
• The discount rate has increased moderately from 5.90 percent to about 6.15 percent, implying a somewhat higher required return on equity.
• Revenue growth has moved higher from roughly 11.2 percent to about 13.4 percent, indicating stronger top line expectations.
• The net profit margin has fallen significantly from about 41.6 percent to roughly 36.5 percent, pointing to a more cautious view on profitability.
• The future P/E has edged up from around 32.7x to about 34.7x, suggesting a slightly higher valuation multiple on forward earnings.