Berenberg Bank maintains 'Buy' rating for Scout24

Berenberg Bank has maintained its 'Buy' rating for Scout24, setting a price target of 140 euros. Analyst William Larwood noted that while the classified ads sector has faced concerns regarding the disruptive influence of artificial intelligence—particularly following the introduction of the Meta agent Muse—there is increasing evidence that these companies may actually benefit from the AI megatrend.

As of the analysis, Scout24 shares saw a 1.0 percent increase in XETRA trading to 69.20 euros, representing a potential upside of approximately 102 percent relative to the bank's target price. The company is expected to release its quarterly results on November 4, 2026.