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GBC Reaffirms Buy on Smartbroker Holding, Keeps EUR 17.80 Price Target

PUBT·11/05/2026 11:06:20
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GBC Reaffirms Buy on Smartbroker Holding, Keeps EUR 17.80 Price Target
  • GBC reaffirmed its Buy rating on Smartbroker Holding with a EUR 17.80 price target through Dec. 31, 2027.
  • The firm cut its 2026 revenue forecast to EUR 67.5 million from EUR 70 million as customer growth shifts into 2027.
  • Its EBITDA forecast remained EUR 500,000, with lower marketing and acquisition costs supporting profitability.
  • GBC maintained its 2027 and 2028 forecasts, expecting retirement-account subsidies starting Jan. 1, 2027, to unlock pent-up demand.
  • First-quarter 2027 customer additions are the key risk; weaker-than-expected retirement-account demand could trigger a forecast review.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smartbroker Holding AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_27330) on November 05, 2026, and is solely responsible for the information contained therein.