Today, the TeamViewer stock is performing well in the market. Currently, the stock is valued at €12.63, showing an increase of 0.28%. This means that the stock has gone up by 4 cents. However, when compared to the overall market, specifically the MDAX, TeamViewer’s stock is not performing as well. The MDAX is currently at 24,314 points, with only a 0.86% increase from the previous trading day’s closing. Despite the positive performance today, TeamViewer’s stock is still far below its all-time high of €54.86 on July 9, 2020, which is 334% higher than the current price.
TeamViewer SE is a company that develops and distributes remote connectivity solutions globally. One of its popular products is TeamViewer remote, a solution for remote access, control, and support. Founded in 2005, TeamViewer SE is headquartered in Göppingen, Germany. In the last fiscal year, the company generated a profit of €114.02 million with a revenue of €626.69 million.
Analyzing the TeamViewer stock, several analysts have shared their insights. Goldman Sachs has maintained a “Buy” rating for Teamviewer with a target price of €18. Analyst Mohammed Moawalla adjusted his expectations for the remote desktop software specialist. JPMorgan, on the other hand, raised the target price for TeamViewer from €13.50 to €14.50 after the second-quarter results and kept the rating at “Neutral.” Analyst Toby Ogg noted that the growth in billings of the remote desktop software provider was stronger than expected.
Overall, while TeamViewer’s stock is showing positive momentum today, analysts have varying opinions on its future performance. Investors should keep an eye on the company’s quarterly results and market trends to make informed decisions about their investments.
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