Nemetschek on the Verge of a Turnaround? Earnings Rise 25% – Analysts See 75% Upside Potential
Nemetschek shares (WKN: 645290 | ISIN: DE0006452907 | Ticker: NEM) are staging a comeback. The stock is currently trading at EUR 65.40, well above its June low of EUR 50.45. However, it is still down 27% year-to-date, and over the past year, the share has lost as much as 46%. The company’s market capitalization currently stands at around EUR 7.6 billion. The company develops software for architects, engineers, construction firms, and building operators, but also offers solutions for film, animation, and media productions. Well-known brands include Allplan, Bluebeam, Vectorworks, and Maxon. More than 7 million people worldwide use the company’s software.
Operationally, Nemetschek performed significantly better than its share price in the second quarter of 2026. Revenue increased by 13% to EUR 327.7 million. Adjusted for exchange rates, growth was 14.5%. Subscription and SaaS offerings performed particularly strongly. Their revenue rose by 29.6% on a currency-adjusted basis to EUR 266.4 million. EBITDA improved by 11.5% to EUR 98.6 million. On a currency-adjusted basis, the increase was 15.8%. The EBITDA margin stood at 30.1% and, adjusted for one-time acquisition costs, at 31%. Net income jumped by 25.4% to EUR 66 million. Earnings per share increased from EUR 0.45 to 0.57.
The Build segment was once again the key driver of growth. There, revenue rose by 24.5% on a currency-adjusted basis. At the same time, the segment achieved a strong EBITDA margin of 40.1%. The Media business performed more weakly, with revenue virtually stagnating. In the Design segment, negative currency effects weighed on profitability. For 2026, Nemetschek continues to expect organic, currency-adjusted revenue growth of 14 to 15% and an EBITDA margin between 32 and 33%. The acquisition of the US construction software company HCSS is expected to contribute an additional six percentage points to revenue growth. However, integration costs and purchase price amortization are expected to initially weigh on the consolidated margin by approximately 1.5 percentage points.
Analysts are also largely positive. The median price target is EUR 87.55, which is about 33% above the current price. Berenberg even sees a target of EUR 115, representing about 75% upside. JPMorgan cites EUR 110 and Metzler EUR 100. Bank of America had previously upgraded the stock to “Buy.” UBS remains significantly more skeptical with a “Sell” rating and a price target of EUR 52.
From a technical analysis perspective, the short-term picture has improved. The stock is trading above the 20-day moving average at around EUR 60.60, the 50-day moving average at EUR 57.40, and the 100-day moving average at about EUR 60.20. The key hurdle remains the declining 200-day moving average at around EUR 70.20. A breakout above the resistance zone between EUR 70 and 73 could trigger a major trend reversal. If, on the other hand, the price falls back below EUR 60, the current recovery would lose momentum.
Power Metallic Mines: A Milestone for Future Copper Supply
The ongoing geopolitical realignment of global supply chains is forcing industrialized nations to strategically secure critical metals such as copper to support the ongoing electrification of their economies. In this dynamic market environment, Power Metallic Mines (WKN: A40S32 | ISIN: CA73929R1055 | Ticker Symbol: IVV1) is establishing itself as a potential future supplier of raw materials with its 330 km² Nisk project in the Canadian province of Québec. The exploration company has rounded out its portfolio with a government-funded exploration project in Saudi Arabia. The strategic, long-term potential of these Power Metallic assets is underpinned by investments from renowned industry leaders, including Robert Friedland and Gina Rinehart.
Another key competitive advantage of the Canadian core project is its excellent local infrastructure, which includes a direct connection to a Hydro-Québec substation. Operationally, the current focus is on the high-grade Lion Zone of the Nisk project, whose geological quality is confirmed by ongoing exploration successes. A significant result came from the latest drill hole 26-116, which intersected an impressive 36.42 m grading 2.83% copper equivalent (CuEq). This interval included a 6.00 m high-grade core averaging 12.38% copper equivalent, once again demonstrating an unusually high density of mineralization. In addition to copper, the polymetallic system contains internationally sought-after commodities such as nickel, platinum, and cobalt, which greatly enhances its economic appeal in the era of the energy transition.
To prepare operationally for the upcoming transition to concrete project development, experienced mining engineer Christopher Beal recently joined the management team. Financial stability for upcoming development phases was secured through a CAD 28.2 million capital increase, completed in June 2026. In the process, Canadian commodities billionaire Eric Sprott increased his stake by 1.6 million shares at CAD 1.25 per share, signaling strong confidence in the company’s fundamentals. The increased capital base guarantees completion of the first mineral resource estimate, now expected by the end of August following a delay due to external capacity constraints at the contracted engineering firm. Based on this robust data set, a preliminary economic assessment (PEA) will be prepared to evaluate the economic viability of the drilling successes to date.
Backed by new drill results from five active rigs and an analyst price target of CAD 3.00 (EUR 1.87) from GBC Research, the stock, currently trading at CAD 1.30 (EUR 0.80), is poised for a significant revaluation.
Salesforce Poised for Strong Earnings Report: Analysts See 21% Upside Potential – Is an AI Comeback on the Horizon?
At Salesforce (WKN: A0B87V | ISIN: US79466L3024 | Ticker: CRM), two exciting developments are currently converging. After months of a downward trend, the stock is staging a strong comeback—and at the same time, key quarterly earnings are on the horizon. The stock is currently trading at USD 205.10 and has rebounded by about 40% from its low of USD 146.32. Since the start of the year, however, it is still down about 22%, and year-to-date, it is down about 18%. The market capitalization stands at approximately USD 171 billion. On August 26, after the US market closes, Salesforce will release its results for the second quarter of fiscal year 2027. Analysts expect revenue of around USD 11.33 billion, representing growth of about 11%. Adjusted earnings per share are expected to rise from USD 2.91 to approximately USD 3.28. Salesforce itself had announced revenue between USD 11.27 billion and USD 11.35 billion, as well as adjusted earnings of USD 3.25 to USD 3.27 per share.
However, slightly exceeding these expectations is unlikely to be enough for the market. Investors are primarily interested in whether Salesforce is gaining new growth momentum from the AI boom or whether AI is putting pressure on its traditional software business. Salesforce is best known for its cloud-based software for sales, customer service, and marketing. With Agentforce, companies can now develop their own AI agents to handle customer inquiries, analyze data, and automate workflows.
The annual recurring revenue from Agentforce and Data 360 most recently reached nearly USD 3.4 billion and grew by more than 200%. However, this figure includes approximately USD 1.1 billion from the acquired Informatica business. Agentforce alone generated approximately USD 1.2 billion and grew by 205%. Now Salesforce must prove that this strong adoption will translate into sustained revenue growth. One of the most important metrics will therefore be the growth in current revenue obligations (cRPO). Salesforce expects an increase of approximately 14% here. In the first quarter, revenue reached USD 11.1 billion. Operating cash flow was USD 6.7 billion, and free cash flow was USD 6.6 billion. At the same time, the company launched an accelerated share buyback program worth USD 25 billion.
For the full year, management expects revenue between USD 45.9 billion and USD 46.2 billion and an adjusted operating margin of 34.3%. Several analysts have also become more optimistic again. JPMorgan initiated coverage with an “Overweight” rating and a price target of USD 250. Guggenheim upgraded Salesforce to “Buy” and set a price target of USD 228. The average price target is around USD 252, which is about 21% above the current price. Citi remains more cautious with a target of USD 204.
From a technical analysis perspective, Salesforce has already sent an important signal. The stock is trading above the 20-day moving average at USD 192.55, the 50-day moving average at USD 174.59, and the 100-day moving average at USD 177.74. Now, the stock has even reclaimed the 200-day moving average at USD 200.82! If this breakout holds, the next resistance zone lies between USD 210 and USD 220. A drop back below USD 200, on the other hand, would be a warning sign—and would significantly increase pressure on the upcoming quarterly earnings.
The software group Nemetschek is reporting earnings growth of 25% and, according to analysts, offers upside potential of up to 75%. The exploration company Power Metallic Mines is developing high-grade copper deposits at its Nisk project in Canada, as well as additional polymetallic resources. At Salesforce, ahead of the quarterly earnings report, the market is primarily focused on the forecasted 11% revenue growth driven by AI applications and is using this to predict future performance in the coming quarters.
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