Software AG: How much air has the stock now? – Shareholders – Shareholders

According to yesterday vermeldeten strong figures for the second quarter, the share of the TecDAX company belongs in a day weak market environment of the strongest stocks in the index. Whether the numbers are likely to have provided the starting point for a rally, about giving analysts votes and the chart-technical situation digestion.

Woller of Baader Bank has raised its target price for Software AG to the surprisingly good figures from 30 to 32 euros and the classification to “Buy”. In the second quarter, market expectations are unlikely to be increased for the last time, an analyst Woller wrote in a study on Friday. So the pace of growth in licensing sales in the DBP (Digital Business Platform) division should continue to rise from the second half of the year. The share of Germany’s second largest software manufacturer have therefore further room for improvement.

growth engine is fuel from

more pessimistic seen against Derric Marcon of the French bank Societe Generale (SocGen). Marcon, the classification for Software AG to figures on “sell” with a price target of 21 euros. The second quarter was largely in line with its expectations, the analyst wrote in a study on Thursday. The software maker could exceed its annual target for the margin in operating profit (EBIT) thanks to a favorable business mix more than he had previously thought. The stated growth engine, the business integration software, but growing still not too clear.

The jump over the previous year high of 27.41 euros, the paper has a buy signal is generated. In 5-year chart the next hurdles are visible: Before shares are now resistances at 29.49 euros and 33.01 euros

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The shareholder is optimistic that the TecDAX titles will continue its upward movement with strong quarterly figures in the back. The outlook for further business agree. Invested investors stick with it and also note the stop below the moving low of 24 Euro.

(with material from dpa AFX)