Secunet Security Networks AG
Recent Analyst Action and Market Context
Berenberg Bank has issued a “Buy” recommendation for Secunet Security Networks AG, setting a target price of €233 per share. The recommendation is supported by an analyst’s assessment of the company’s positioning within two long‑term growth drivers: the continued digitalisation of public administration and rising defence expenditure. According to Andreas Wolf, the analyst from Berenberg, Secunet is well‑placed to achieve double‑digit growth rates in the coming years and to strengthen its position as a leading provider in the European IT‑security market.
The analyst’s view was published on 21 October 2025 by Berenberg and was later echoed in a commentary on stock3.com, which highlighted the company’s potential to benefit from the identified trends.
Impact on Share Price
The buy recommendation coincided with a modest rise in the share price. On the day of the announcement, Secunet shares increased by 5.5 % on the Tradegate platform, reflecting investor confidence following the positive analyst assessment. The broader German market experienced a slight uptick, with the X‑DAX recording a moderate gain of 24 293 points, close to the record high of 24 771 points.
Sectoral and Market Environment
Secunet operates in the Information Technology sector, specifically within IT services that focus on security consulting, development, and integration of software and hardware solutions. Its client base is predominantly German, and it trades on the Xetra exchange in euros. As of 19 October 2025, the company’s closing price was €194.8, with a market capitalisation of €1.25 billion. The price‑to‑earnings ratio stood at 39.04, indicating a valuation that reflects expectations of continued growth.
The company’s 52‑week high and low were €246 and €94.1, respectively, demonstrating a significant range in recent trading activity. The recent analyst endorsement aligns with the upward momentum observed in the broader market, which is being buoyed by a perceived easing in the US‑China trade dispute. This geopolitical backdrop is expected to support demand for secure, resilient IT infrastructure, a core element of Secunet’s service offering.
Strategic Outlook
Secunet’s focus on security solutions for public administration and defence aligns with two key drivers identified by analysts:
- Digitalisation of Public Administration – Governments across Europe are investing heavily in modernising their IT systems, increasing demand for secure integration services.
- Rising Defence Expenditure – Higher defence budgets are prompting procurement of advanced cyber‑security solutions to protect critical infrastructure.
Secunet’s expertise in both hardware and software security, combined with its established presence in the German market, positions it to capture a growing share of these trends.
Key Takeaway:
Berenberg’s recent “Buy” recommendation and the accompanying €233 target price underscore investor confidence in Secunet Security Networks AG’s ability to leverage macro‑trends in public sector digitalisation and defence spending, potentially driving the company’s share price toward new highs.
