0642 GMT - Scout24 is poised to become an AI winner after investing more than 400 million euros in IT infrastructure and launching multiple AI features, Berenberg says in a note. "We strongly believe that instead of a headwind, artificial intelligence can provide a tailwind for real estate classifieds in general, and for Scout24 in particular," Berenberg analyst Gerhard Orgonas writes. Orgonas expects AI to accelerate Scout24's revenue and earnings growth and sees the potential for shares to more than double to 180 euros over a three-year investment horizon. Shares closed at 73.55 euros. (sarah.sloat@wsj.com)
(END) Dow Jones Newswires
July 08, 2026 02:43 ET (06:43 GMT)
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