NA9.DE €71.15 XETRA close 02 Feb 2026: valuation gap suggests selective AI upside

NA9.DE stock closed at €71.15 on XETRA on 02 Feb 2026, up €0.40 (0.57%) as markets wrapped the trading day. Nagarro SE (NA9.DE) reported a modest intraday range, day low €68.80 and day high €71.65, while average 50-day price sits at €73.44. Today’s move reflects investor focus on digital engineering demand for AI services and the company’s trailing EPS €3.77 and PE 18.87, which frame current valuation against stronger sector multiples.

NA9.DE stock: price action and technicals

Nagarro (NA9.DE) closed at €71.15 on XETRA with volume 20,622 shares and relative volume 0.55, signalling lighter trading versus the 5-day average. The RSI is 45.64, MACD histogram is -1.39, and ADX reads 38.96, indicating a strong trend but near-term momentum weakness. Bollinger band middle at €76.03 and lower band at €71.27 suggest price sits close to support, increasing the chance of a short-term reaction if buying returns.

Earnings, cash flow and fundamentals

Nagarro’s trailing EPS is €3.77 and market cap is €934,658,773, with shares outstanding 13,136,455, which supports current per-share metrics. Free cash flow per share is €7.05 and operating cash flow per share is €7.81, yielding a free cash flow yield near 9.59%. Return on equity stands at 25.95%, while the company carries a higher debt-to-equity ratio of 2.15, implying leverage that investors should track.

Meyka AI rates NA9.DE with a score out of 100

Meyka AI rates NA9.DE with a score of 79.25 out of 100 (B+, BUY). This grade factors in S&P 500 and sector comparison, financial growth, key metrics, forecasts and analyst signals. The platform flags strong ROE and cash flow, balanced by elevated debt metrics and a price-to-book near 5.18, which drives the Neutral-to-Buy stance.

Valuation vs Technology sector and AI peers

Nagarro trades at PE 18.87, materially below the German Technology sector average PE 37.17, suggesting a valuation discount versus larger AI and software peers. Price-to-sales is 0.93, EV/EBITDA 8.08, and price-to-free-cash-flow 10.43, placing Nagarro in a value-for-growth slot within information technology services. Investors should weigh the discount against sector momentum where large-cap AI names drive higher multiples.

Meyka AI’s forecast and price targets

Meyka AI’s forecast model projects a monthly level of €70.61, a yearly projection of €57.31, and a 3-year projection of €21.25; these are model-based and not guarantees. Using current price €71.15, the model implies a near-term downside of -0.76% to the monthly projection and -19.43% to the yearly projection. For scenario planning we set a conservative price target €60.00 (bear), base €75.00, and bull €92.00 based on a return to the 52-week high of €91.00 plus modest premium for AI demand.

Risks, opportunities and trading strategy

Key upside is continued client spending on AI, cloud and digital engineering where Nagarro has strength across banking, automotive and life sciences. Risks include high leverage (debt/equity 2.15) and stretched receivables with days sales outstanding 85.62. Traders may prefer a staged approach: accumulate on dips near €68.00–€64.00 and trim into strength above €76.00, aligning position size to liquidity and sector exposure.

Final Thoughts

Nagarro SE (NA9.DE stock) closed €71.15 on XETRA on 02 Feb 2026, trading at PE 18.87 and offering solid cash flow per share €7.05 but carrying above-average leverage. Meyka AI’s grade B+ and model projections point to mixed signals: a near-term model price €70.61 is essentially flat versus the close, while the yearly model projects €57.31, implying downside if company growth disappoints. Sector context shows Technology peers trade at higher multiples, so Nagarro’s discount could widen or narrow depending on AI services wins. For AI-focused investors we recommend watching upcoming earnings on 24 Apr 2026, monitoring debt metrics and client wins in AI transformation. Meyka AI’s forecast model projects a monthly level of €70.61, which we use as a near-term reference; forecasts are model-based projections and not guarantees. For active portfolios, maintain position size discipline and use the €60.00/€75.00/€92.00 price target ladder for risk-adjusted planning.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.