AU · rank #11 · 2026-10-19
BC8
XETRA · EUR · $5.32B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of all factors below. | 0.720 |
|---|---|
| EPS revisions (30d) Change in consensus EPS estimate over the past 30 days ($/share). | +$0.01 |
| Net revisions (30d) Number of analysts revising upward minus downward. | 2 |
| Insider signal (90d) | — |
| Analyst upside Consensus target $43.25 | +24.2% |
| Momentum acceleration 3-month minus 12-month momentum. | +13.23% |
| Analyst rating 5 = Strong Buy, 1 = Strong Sell. | 4.60 |
| Gross margin TTM | +18.7% |
| 52w high | $44.13 |
| Market cap (USD) | $5.32B |
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 (BC8) is a pan-European IT reseller, systems integrator, and managed-services provider serving 70,000+ customers across hardware, software, cloud, and cybersecurity, with a record €3.5 billion order backlog underpinning near-term revenue visibility.
Rationale
The analyst_upside signal is reinforced by a 24% consensus price target gap, 100% upward revision agreement across 10 analysts over 30 days, accelerating EPS revisions over 30/60/90-day windows, and Q2 2026 results that beat estimates by ~10% and prompted a guidance raise — all consistent with a durable re-rating catalyst rather than a sentiment blip.
Material risks
- 1Negative H1 2026 operating cash flow (−€101.7M) and free cash flow (−€186.8M) amid working-capital expansion to €596M could force a wedge between reported EBT growth and cash reality, undermining the earnings-quality premise that typically sustains analyst upgrades.
- 2Bechtle's integration and managed-services role rests on third-party vendor ecosystems rather than proprietary technology, leaving it exposed to disintermediation if hyperscalers, cybersecurity vendors, or large public-sector customers internalize procurement and delivery capabilities.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.