NA9.DE Nagarro SE (XETRA) €44.98 pre-market -7.52% 25 Mar 2026: AI stocks note

The NA9.DE stock is trading €44.98 pre-market on XETRA, down 7.52% as investors react to Nagarro SE’s preliminary FY2025 figures and the conclusion of an independent investigation. The company reported €999.3 million revenue for 2025 and guidance for 2026 revenue between €1,000.0 million and €1,060.0 million. This pre-market move reflects short-term headline risk despite a stronger gross margin of 32.2% and a reaffirmed AI services strategy that targets enterprise adoption of human-plus-AI workflows.

NA9.DE stock: Why the price moved pre-market

Nagarro’s preliminary FY2025 release drove the session. The company posted €999.3 million revenue and €321.3 million gross profit for 2025, with adjusted EBITDA of €138.2 million and an adjusted EBITDA margin of 13.8%. The announcement also confirmed an independent investigation found no evidence of fraud, which removes a major headline risk but left investors focused on near-term profitability and FX impacts.

Management highlighted a €15.5 million unrealized FX loss on intra-group loans and a one-off €12.4 million cost tied to India labour-code changes. Those items help explain weaker EBITDA versus 2024 and connect directly to the -7.52% pre-market price move.

Fundamentals and valuation for NA9.DE stock

Nagarro trades at a trailing PE of 11.85 with EPS €3.77 and market capitalisation €586.67 million. Key ratios show a price-to-sales of 0.58, EV/EBITDA 5.68, and return on equity 25.95%, which indicate profitable operations at a modest multiple versus tech peers. The company has €124.60 million cash at year-end 2025 and repurchased 919,421 shares for €67.8 million, supporting shareholder returns.

Credit metrics are mixed: debt-to-equity is 2.15 and net-debt-to-EBITDA is 1.67, reflecting leverage that warrants monitoring as demand cycles shift. Dividend yield stands at 2.26% with a payout ratio 0.26.

Technical snapshot and trading levels

Short-term momentum is weak: RSI 29.50 (oversold) and MACD histogram slightly negative. Price sits near the year low of €43.50 and below the 50-day average €60.42 and 200-day average €59.11, showing a pullback from the year high €79.95. Daily range today was €43.64 to €49.42 with volume 66,542, above the 50,347 average, so the move has conviction.

Traders should watch €43.50 as immediate support and €50.95 (Bollinger middle) as the first resistance, with the 50-day average €60.42 as a medium-term target if the stock reverts higher.

Meyka AI grade & forecast for NA9.DE stock

Meyka AI rates NA9.DE with a score of 79.36 out of 100 — Grade B+ — Suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and are not financial advice.

Meyka AI’s forecast model projects a 12-month target of €54.32, implying 20.76% upside from the current price €44.98. Shorter-term model outputs include a monthly target €41.00 (-8.85%) and a quarterly target €35.92 (-20.14%). Forecasts are model-based projections and not guarantees.

AI strategy and sector context

Nagarro positions Fluidic Intelligence as an operating paradigm blending human teams with AI capabilities to win enterprise digital projects. The company’s services mix includes AI, data and analytics, cloud, and product engineering, making NA9.DE part of the Technology sector where average PE is 34.32 and price-to-sales 12.63 per sector data. Nagarro’s current valuation is lower than most large-cap tech peers on several metrics, reflecting company-specific risks and smaller market cap.

Sector performance shows modest YTD gains while Nagarro is down YTD 40.85%, highlighting idiosyncratic pressure versus broader Tech trends and making NA9.DE attractive to investors seeking AI exposure at a lower multiple.

Risks and what to watch next

Key risks include FX volatility, execution on margin improvement, and integration of governance fixes recommended by the independent review. Cash fell to €124.60 million from €192.60 million year-on-year, so liquidity and buyback pacing matter. The next major date is the audited FY2025 report on 29 April 2026 and the listed earnings announcement on 2026-04-29, which should clarify adjustments and core operating trends.

Monitor client demand in the EU and North America, margin guidance for FY2026 (adjusted EBITDA margin 14.5%–15.5%), and any further structural governance updates.

Final Thoughts

NA9.DE stock trades at €44.98 pre-market on XETRA after Nagarro’s preliminary FY2025 figures and the independent investigation’s clearance. The numbers explain the pullback: adjusted EBITDA €138.2 million and a cash balance of €124.6 million, offset by improved gross margin 32.2% and 2026 revenue guidance between €1,000.0 million and €1,060.0 million. Our technical read shows oversold momentum with RSI 29.50 and immediate support at €43.50. Meyka AI’s model projects a 12-month target of €54.32, implying 20.76% upside versus the current price €44.98, while shorter-term model targets include €41.00 (monthly) and €35.92 (quarterly). Investors focused on AI stocks should weigh the valuation gap, the company’s Fluidic Intelligence strategy, and leverage metrics such as debt-to-equity 2.15. For risk-tolerant investors seeking exposure to digital engineering and AI services, NA9.DE presents a model-based buying opportunity; for others, wait for the audited FY2025 release on 29 April 2026 for confirmation. Meyka AI provides this analysis as an AI-powered market analysis platform; forecasts and grades are projections, not guarantees.

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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.