Montega reiterates buy on Serviceware, sets EUR 25 price target

Montega reiterated a Buy rating on Serviceware SE, setting a 12-month price target of EUR 25. Report cited AI as a new scaling lever, pointing to a shift toward higher-margin recurring platform revenue. Montega said AI-assisted development lifted feature output by 75% year on year despite a smaller developer team. Partner network expansion was flagged as a growth driver, supported by increased international visibility from recent Forrester mentions. Montega maintained its view that these initiatives underpin a mid-term EBIT margin target of 10%-15%.