ABB stock falls 2.33 percent while TD Cowen lifts target to USD 100
Published on 09/25/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ABB stock (ISIN CH0012221716) closed at CHF 80.50 on the SIX Swiss Exchange on September 24, 2026, down CHF 1.92 or 2.33 percent from the previous close. On September 25, 2026, TD Cowen raised its price target from USD 90 to USD 100 while maintaining a Hold rating, citing ABB's Infinitus direct-current platform for artificial-intelligence data centers, as Investing.com reported.
Data center demand drives target
TD Cowen pointed to ABB's Infinitus portfolio, which includes solid-state transformers, medium-voltage UPS systems, DC protection and distribution equipment. ABB said the architecture can improve grid-to-rack efficiency by more than 5 percent in large data-center installations, according to Investing.com.
Deutsche Bank also lifted its ABB target from CHF 74.00 to CHF 76.00 on September 22, 2026, while keeping a Hold rating. The bank cited data-center demand but warned that elevated order expectations could limit upside into the third quarter, as Investing.com reported.
Q2 revenue grew 12 percent
ABB's Q2 2026 revenue reached USD 9.5 billion, up 12 percent on a comparable basis. Operational EBITA was USD 1.9 billion, producing a 20.2 percent margin, while the book-to-bill ratio reached 1.27, according to the company's Q2 earnings transcript published by Yahoo Finance.
The order backlog stood at USD 30 billion, up 28 percent on a comparable basis. Electrification generated USD 5.2 billion of revenue, up 19 percent comparably, and delivered a 24.9 percent operational EBITA margin, making that division the clearest numerical link between ABB's data-center strategy and its latest results.
Buyback adds a second support
ABB repurchased 584,551 shares between September 17 and September 23, 2026, under its buyback program. The transactions took place on a separate trading line on the SIX Swiss Exchange, according to EQS News. The buyback gives the current market picture a capital-allocation angle, while the analyst targets show that valuation remains a central counterweight to the data-center opportunity.
ABB stock remains below its yearly high
ABB stock closed at CHF 80.50 on September 24, 2026, on the SIX Swiss Exchange, with volume of 1,936,813 shares. The CHF 53.78 to CHF 89.14 52-week range places the close CHF 8.64 below the high, a gap of 9.70 percent.
ABB stock snapshot
- Company: ABB Ltd
- ISIN: CH0012221716
- Ticker: ABBN
- Trading venue: SIX Swiss Exchange
- Price (as of September 24, 2026): Closing price CHF 80.50
- 52-week range: CHF 53.78-89.14
- Sector / Industry: Industrials / Electrical Equipment and Parts
