Baader raises Jenoptik to Reduce as Jenoptik stock sits 19.89 percent below its 52-week high

Published on 10/13/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baader moved Jenoptik from Sell to Reduce on September 30, 2026. Jenoptik stock costs EUR 38.79 on October 13, 2026 versus EUR 38.84.

Baader Europe raised Jenoptik from Sell to Reduce on September 30, 2026, with a six-month target of EUR 43.80.
Second-quarter 2026 revenue reached EUR 262.0 million, while order intake for the first half reached EUR 723.4 million.
Jenoptik stock was at EUR 38.79 at Lang & Schwarz on October 13, 2026, 0.13 percent below the Xetra close of EUR 38.84 on October 12, 2026.
The next reporting date is November 10, 2026, when Jenoptik is scheduled to publish its third-quarter 2026 update.

Photonik-Reinraum mit Technikern in Schutzanzügen bei Optik-Montage — Jenoptik AG DE0006229107 zeigt Techniker in Reinraum bei präziser optischer Linsen Montage, Illustration mit AI erstellt.

Baader Europe raised Jenoptik from Sell to Reduce from its previous Sell rating and set a six-month price target of EUR 43.80 on September 30, 2026, 4investors reports. Jenoptik stock was trading at EUR 38.79 at Lang & Schwarz on October 13, 2026 at 10:42 a.m. CEST, 19.89 percent below its 52-week high of EUR 48.42.

What changed in the rating?

The rating change reflects a more constructive long-term view of Jenoptik's semiconductor equipment and defense exposure, but the EUR 43.80 target leaves a narrower valuation gap than the earlier Sell stance implied. The target is 12.92 percent above the Lang & Schwarz price, calculated in euros from EUR 38.79.

NadirAlpha reported that second-quarter 2026 revenue was EUR 262.0 million, up 2.80 percent year over year, while net income reached EUR 22.9 million and diluted earnings per share was EUR 0.40. The EBITDA margin was 19.70 percent, compared with 15.80 percent in the prior-year quarter.

Three milestones in twelve months

On March 18, 2026, Jenoptik reported fiscal-year 2025 revenue of EUR 1,046.0 million, according to NadirAlpha. On May 11, 2026, first-quarter order intake reached EUR 356.9 million, also according to NadirAlpha. On August 11, 2026, first-half order intake rose 53.00 percent to EUR 723.4 million and the order backlog reached EUR 824.8 million, according to NadirAlpha.

What does the order book mean?

The backlog was supported by a 1.44 book-to-bill ratio in the second quarter of 2026, giving the semiconductor and mobility businesses a quantified delivery base for coming reporting periods. The mix is uneven: semiconductor and Smart Mobility Solutions revenue expanded, while Biophotonics and Metrology & Production Solutions remained weaker in the same reporting period, according to NadirAlpha.

Next reporting date

Jenoptik's next financial reporting date is November 10, 2026, when the company plans to publish its third-quarter 2026 update, according to the Jenoptik investor calendar.

The stock sits below its yearly high

At EUR 38.79, the Lang & Schwarz quote was EUR 0.05, or 0.13 percent, below the Xetra close of EUR 38.84 on October 12, 2026. The market capitalization was EUR 2.2 billion, while the 52-week range was EUR 18.15 to EUR 48.42. The further course of trading is shown by the continuously updated real-time quote of Jenoptik stock.