TeamViewer shares spike after software group says annual revenue topped guidance By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
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Source: Investing.com
TeamViewer's Revenue Performance: TeamViewer AG reported that its annual revenue for the 2024 fiscal year reached approximately 671 million euros, exceeding its guidance range and reflecting a 9% increase at constant currencies, driven by strong billings from large enterprise clients.
Market Reaction and Future Outlook: Following the announcement, shares of TeamViewer rose in early trading; however, the company has seen a decline of over 20% in share value over the past year, with full results set to be released on February 12.
Analyst Views on TMV
Wall Street analysts forecast TMV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TMV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 36.690
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Current: 36.690
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
