Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Temenos (TEMN.S)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (CHF)	Price Target (CHF)	Rating
2022-03-30	95.08	93.00	Sell
2022-04-12	86.90	84.50	Sell
2022-08-03	77.28	66.30	Sell
2022-10-28	58.90	55.70	Sell
2023-02-20	68.14	58.70	Sell
2023-04-25	63.14	59.00	Sell
2023-11-10	66.84	63.50	Sell
2024-01-23	86.32	69.50	Sell
2024-02-20	62.24	56.00	Sell
2024-04-24	58.90	53.00	Sell
2024-07-25	60.95	51.00	Sell
2024-10-24	63.75	49.50	Sell
2025-02-19	76.20	54.00	Sell
2025-04-23	57.55	46.00	Sell

Disclosures

UBS has acted as manager/co-manager in the underwriting or placement of securities of this company/entity or one of its affiliates within the past 12 months.
Within the past 12 months, UBS has received compensation for investment banking services from this company/entity or one of its affiliates.
UBS expects to receive or intend to seek compensation for investment banking services from this company/entity within the next three months.
UBS holds a long or short position of 0.5% or more of the listed shares of this company.
UBS Fund Management (Switzerland) AG beneficially owns more than 5% of the total issued share capital of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.