Quirin Privatbank Reiterates Buy on Bechtle AG With €45.50 Target
Quirin Privatbank Kapitalmarktgeschäft has reiterated its Buy rating on Bechtle AG, updating its target price to EUR 45.50 from EUR 57. This follows Bechtle’s Q3 2025 results, which showed 5.1% revenue growth year-over-year, driven by strong international performance. Despite weak domestic market and higher depreciation, IT E-commerce drove growth. Management confirmed 2025 guidance, needing a strong Q4 to meet targets. Macroeconomic uncertainties are noted as risks, but international demand and IT trends support the investment case.