AU · rank #17 · 2026-09-08
BC8
XETRA · EUR · $5.51B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of all factors below. | 0.977 |
|---|---|
| EPS revisions (30d) Change in consensus EPS estimate over the past 30 days ($/share). | +$0.08 |
| Net revisions (30d) Number of analysts revising upward minus downward. | 6 |
| Insider signal (90d) | — |
| Analyst upside Consensus target $43.43 | +21.5% |
| Momentum acceleration 3-month minus 12-month momentum. | +19.03% |
| Analyst rating 5 = Strong Buy, 1 = Strong Sell. | 4.78 |
| Gross margin TTM | +18.7% |
| 52w high | $44.13 |
| Market cap (USD) | $5.51B |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Bechtle AG (BC8) is a leading European IT systems integrator selling hardware, software, cloud, and managed services to corporate and public-sector clients across Germany and broader Europe.
Rationale
100% analyst revision agreement, a 21.5% consensus upside, and a record €3.5B order backlog driving 19% EPS growth directly reinforce the analyst_upside strategy's premise that broad, conviction-heavy upgrades reflect a durable earnings re-rating rather than noise.
Material risks
- 1Gross margin of only 18.7% reflects heavy hardware resale exposure, meaning hyperscaler and cloud-native ecosystems could progressively commoditize Bechtle's core procurement/integration value-add and structurally compress the margin base underpinning the upgrade cycle.
- 2Negative H1 2026 operating cash flow of -€101.7M from inventory build means any demand softening or public-sector budget freeze would rapidly convert the record backlog into a working-capital trap, threatening the upgraded guidance and triggering analyst reversals.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.