09:55 AM EDT, 04/24/2026 (MT Newswires) -- Berenberg on Friday raised its estimates and price target for Temenos (TEMN.SW) after the Swiss banking software company reported "strong"first-quarter results.

Temenos'group sales for the first three months of 2026 jumped 15% year over year to $253 million, beating consensus by 2%. Berenberg also highlighted the 16% year-over-year increase in sales and annual recurring revenue, which is "comfortably"above the company's estimated 7% compound annual growth rate for 2025 to 2028.

"While Q2 results provide a more challenging comparison quarter, the strong start to 2026 gives Temenos a comfortable buffer and provides the potential for a guidance raise should the current strong momentum continue,"the research firm said.

Against this background, Berenberg upgraded its full-year 2026 sales estimate by 1.5% and its EPS forecast by 2.4%. The stock's price target was also raised to 100 francs from 95 francs, while the buy rating was maintained.