Atte has released a new company report on Lemonsoft 
We reiterate our Buy recommendation for Lemonsoft and target price of EUR 6.5. The company’s Q1 results exceeded our expectations, and we have revised our forecasts slightly upwards. The completion of the technology platform transition and the pick-up in market outlook for industrial customers create a good starting point for improving earnings growth in the coming years. In view of this, we find the current valuation of the share (2026e EV/EBIT 10x) very attractive.
Quote from the report:
In 2027-2028, we forecast Lemonsoft’s organic growth to pick up to the 5% level and the adjusted EBIT to improve to 29-30%. We expect growth to come especially from SaaS revenues and transactions, while consulting continues to decline slightly. Lemonsoft is very likely to accelerate its growth in the coming years with new acquisitions, which the company is actively scouting.