UBS initiates ATOSS Software at 'neutral' on balanced risk-reward

UBS starts German workforce management software provider ATOSS Software at "neutral" with a €100 ($114.82) price target, citing a balanced risk-reward profile. The broker expects group sales to grow at a 13% CAGR from 2025-2030, but sees FY26 sales of €212 million slightly below consensus and near the lower end of the group's guidance. UBS also considers the company's 2030 sales target of €400 million unlikely.