Aixtron stock gained 7.62 percent as JPMorgan cut its target lease? No

Published on 10/04/2026 at 18:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut its Aixtron target from EUR 60 to EUR 54 on October 1. Second-quarter orders rose 80 percent to EUR 214.5 million, supporting 2026 guidance.

Flatlay Wafer Gasflasche Pinzette Zertifikat – AIXTRON SE DE000A0WMPJ6 — AIXTRON SE DE000A0WMPJ6 Flatlay auf Marmor mit Silizium-Wafer Gasflasche Pinzette Aktienzertifikat und ISIN-Karte, Illustration mit AI erstellt.

Aixtron (ISIN DE000A0WMPJ6) was last at EUR 39.67 on Xetra on October 2, 2026 at 5:35 p.m. CEST, up 7.62 percent from the previous session. The move followed a fresh analyst reset as JPMorgan retained its Overweight rating but cut the price target from EUR 60 to EUR 54 on October 1, according to Finanznachrichten.

JPMorgan lowers the target

JPMorgan analyst Craig McDowell said the bank's revenue and earnings expectations were above consensus, while optoelectronics should remain a key support. The assessment also identified a condition for a broader recovery in investor interest: faster order development in gallium nitride chips, according to Markets Insider.

At EUR 39.67, JPMorgan's EUR 54 target stands 36.12 percent above the Xetra price. The target is also below the prior EUR 60 level, making the rating constructive while the valuation message is more cautious.

Orders reshape the 2026 picture

Aixtron's second-quarter order intake rose 80 percent year over year to EUR 214.5 million, while the order backlog reached EUR 457 million. About three quarters of the new business came from optoelectronics, and July added EUR 95 million in orders, according to Boerse Express.

Management's 2026 plan calls for revenue of EUR 560 million with a plus or minus EUR 30 million range and an operating EBIT margin of 17 to 20 percent. The order data therefore address the central execution question: whether equipment demand can convert into revenue as the year progresses.

Consensus remains above the market price

The published analyst consensus shows a buy-leaning score of 2.22 on a five-point scale and a three-month average target of EUR 48.06, or 21.16 percent above the Xetra price as of October 3, 2026, according to Boursorama. The same page lists 15 analysts, leaving the order trajectory and the expected gallium nitride recovery as the main tests for that valuation gap.

Aixtron stock stays below its yearly high

Aixtron stock was last at EUR 39.67 on Xetra on October 2, 2026, with a 52-week range of EUR 11.68 to EUR 62.66. Its market capitalization was EUR 4.5 billion on that date, so the share price remained 36.66 percent below the yearly high despite the latest daily gain.