TeamViewer's analyst price target has been revised downward from €12.81 to €11.30, as analysts cite tempered revenue growth expectations and a slightly higher discount rate, even though profit margin projections are improving.

Analyst Commentary

Recent analyst activity has highlighted a mix of optimism and ongoing caution around TeamViewer’s future prospects, as reflected in recent price target adjustments and rating changes. Below is a summary of the key perspectives influencing the current outlook on the shares.

• Bullish analysts see the current valuation as attractively low, with some describing the shares as “irresistibly inexpensive” and viewing this as providing upside potential.
• The raising of some price targets indicates an expectation that TeamViewer may outpace previous growth projections. This view is driven by improvements in profitability and operating leverage.
• Certain analysts express confidence that execution risks have diminished, suggesting that management initiatives are starting to yield more stable financial results.
• Upgrades in ratings reflect greater optimism about TeamViewer’s ability to capture market demand in its segment, which could potentially translate into better shareholder returns.

• Bearish analysts remain cautious and have lowered price targets due to tempered expectations for revenue growth and a more conservative view on near-term expansion.
• Persistently neutral or hold ratings from some analysts emphasize lingering doubts about TeamViewer’s ability to accelerate its top-line growth despite improving margins.
• The application of a higher discount rate to future cash flows reflects increased perceived risk around sustainable long-term performance.
• Some analysts note that, even as profitability metrics improve, the overall growth profile remains modest compared to industry peers. This continues to limit enthusiasm over the shares.

What's in the News

• TeamViewer SE confirmed its full year 2025 earnings guidance, projecting revenue between EUR 778 million and EUR 797 million. The company expects results toward the lower end of this range due to an ARR shortfall (Key Developments).
• TeamViewer announced the integration of its Digital Employee Experience (DEX), Remote Connectivity, and AI capabilities with Salesforce's Agentforce IT Service. This collaboration is designed to enhance real-time monitoring and automated issue resolution for IT teams (Key Developments).

Valuation Changes

• Consensus Analyst Price Target: Reduced from €12.81 to €11.30, reflecting a lower fair value estimate for the shares.
• Discount Rate: Increased slightly from 8.53% to 8.78%, indicating a more conservative approach to valuing future cash flows.
• Revenue Growth: Revised down from 8.03% to 7.18%, signaling tempered expectations for top-line expansion.
• Net Profit Margin: Raised modestly from 19.78% to 20.00%, as the outlook for profitability has improved.
• Future P/E: Decreased from 13.66x to 12.29x, suggesting that lower valuation multiples are being applied going forward.