Montega AG initiates Fabasoft AG with buy rating and sets price target at 26 EUR
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Equity research firm Montega AG has initiated coverage on Fabasoft AG with a "Buy" rating and a 12-month price target of €26.00 per share. The report emphasizes Fabasoft’s strong position in document and process management, particularly in the public sector. Montega projects annual EBIT growth of 11.9%, driven by increasing digitalization and trends like automation and AI. Fabasoft is noted for its consistent double-digit EBIT margins and growing recurring SaaS revenues.
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