1&1 stock weighs EBITDA cut against Goldman Buy

Published on 09/25/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

1&1 stock weighs Goldman Sachs' EUR 25.60 target against a September 10 EBITDA cut to EUR 740 million. Q2 revenue rose 13.75 percent to EUR 1.12 billion.

Fotorealistischer 5G-Mast in deutscher Landschaft, Weitwinkelaufnahme — Fotorealistischer 5G-Mobilfunkmast von 1&1 AG in hügeliger Landschaft steht für ISIN DE0005545503, Illustration mit AI erstellt.

1&1 stock (ISIN DE0005545503) was trading at EUR 24.05 on Xetra on September 25, 2026, up 0.63 percent intraday. The central issue is the company's revised 2026 EBITDA forecast after its restructuring program at 1&1 Versatel.

EBITDA forecast falls to EUR 740 million

According to Investegate on September 10, 2026, 1&1 approved a transformation program for 1&1 Versatel. The plan reduces the subsidiary's workforce from 1,350 to 1,000 full-time employees and includes EUR 60 million of one-off expenses in fiscal year 2026.

The expense burden lowers the 2026 EBITDA forecast from EUR 800 million to EUR 740 million. Adjusted EBITDA remains EUR 800 million, while the program is expected to contribute EUR 25 million annually from fiscal year 2028.

Revenue rises while earnings weaken

The latest quarterly figures show a mixed operating picture. Finanzen.net reported on September 11, 2026, that revenue for the quarter ended June 30, 2026, rose 13.75 percent to EUR 1.12 billion from EUR 987.92 million.

The same report puts Q2 2026 EPS at EUR 0.07, compared with EUR 0.15 in the prior-year quarter. For investors, the contrast is clear: top-line growth continues, while restructuring costs and earnings pressure define the 2026 outlook.

Goldman Sachs cuts target but keeps Buy

Finanzen.net reported on September 23, 2026, that Goldman Sachs reduced its price target from EUR 26.20 to EUR 25.60 while retaining a Buy rating. The target stands EUR 1.55 above the Xetra price of EUR 24.05.

Goldman Sachs also cited progress toward annual and medium-term goals, while identifying uncertainty around the low-band spectrum and the dispute with tower partner Vantage as counter-factors.

Stock trades below its yearly high

1&1 stock had a 52-week range of EUR 18.62 to EUR 27.30 on September 25, 2026. Its market capitalization was EUR 4,245,217,977, with 5,650 shares traded in the recorded session.

The investor-relations calendar lists the next reporting date as November 12, 2026. At EUR 24.05, the stock remains EUR 3.25 below its 52-week high, leaving the restructuring program, quarterly earnings, and the updated EBITDA path as the main measurable reference points.