ABB stock tracks record orders as Deutsche Bank raises target
Published on 09/28/2026 at 15:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ABB stock (ISIN CH0012221716) was trading at CHF 80.64 on the SIX Swiss Exchange on September 28, 2026, up 0.57 percent from CHF 80.18. The latest investment case combines record second-quarter orders with a higher analyst target and a valuation-based counterpoint.
Record demand reaches data centers
ABB reported record orders and revenue for Q2 2026, with revenue of USD 9.5 billion and comparable growth of 12 percent, according to Yahoo Finance in the July 16, 2026 earnings transcript. The company also reported a positive book-to-bill ratio of 1.27 and a backlog of USD 30 billion, up 28 percent on a comparable basis.
Operational EBITA increased 20 percent to USD 1.9 billion in the quarter, lifting the group margin to 20.2 percent, Yahoo Finance reported. Data centers delivered triple-digit order growth, while Electrification orders rose 58 percent.
Deutsche Bank lifts its target
Deutsche Bank raised its ABB price target to CHF 76.00 from CHF 74.00 while retaining a Hold rating on September 22, 2026, according to Investing.com. The bank cited sustained data center demand but also argued that ABB faces elevated expectations ahead of the third quarter and a 2027 estimated EV/EBITA multiple of 20x.
ABB's investor-relations page dated September 24, 2026, highlights Infinitus, a direct-current portfolio for AI data centers. The offering includes solid-state transformers, medium-voltage power systems, DC distribution and protection technologies, according to ABB.
Buybacks add a capital return angle
ABB repurchased 584,551 shares between September 17 and September 23, 2026, bringing purchases under the current program to 9,321,098 shares, according to WebDisclosure. The release identifies ABBN as the SIX ticker and confirms the CH0012221716 listing.
ABB stock stays below its yearly high
ABB stock was trading at CHF 80.64 on September 28, 2026, at 3:21 p.m. CEST. Its 52-week range was CHF 53.78 to CHF 89.14, while market capitalization stood at CHF 146.3 billion and volume reached 561,569 shares.
ABB market and company data
- Company: ABB Ltd
- ISIN: CH0012221716
- Ticker: ABBN
- Trading venue: SIX Swiss Exchange
- Price (as of September 28, 2026, 3:21 p.m. CEST): CHF 80.64
- Market capitalization: CHF 146.3 billion (as of September 28, 2026)
- 52-week range: CHF 53.78-89.14 (as of September 28, 2026)
- Sector / Industry: Industrials / Electrical Equipment and Parts
