Riva, CamilloFortes, Francisco Filipe Amaral2025-02-252025-02-252024-01-262023-12-20http://hdl.handle.net/10362/179754The following equity research report was conducted between June 2023 until December 2023 thesis provides a comprehensive analysis of Siemens AG share price for 2024 as part of an investment decision. Siemens AG is a globally recognized technology conglomerate with diversified interests in industry, infrastructure, transportation, and healthcare. Emphasizing its innovative approach in fields like electrification, automation, and digitalization, Siemens maintains a strong market position both in Europe and internationally. The thesis strongly recommends a BUY for Siemens AG’s stock, projecting a target price of €234 by FY24, reflecting a total return potential of 42.1%, considering current market trends and the company's strategic initiatives, presents a strong investment opportunity. To reach the price target, we performed a DCF, Multiples Analysis, Sensitivity and Scenario Analysis.engSiemens agIndustrialEquity researchValuationmaster thesis203865901