BASF stock falls after guidance hike as JPMorgan stays cautious

Published on 09/12/2026 at 15:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BASF stock slipped on September 11, 2026, even as the chemicals group lifted its EBITDA guidance and reported double-digit revenue growth. Investors are weighing JPMorgan’s Underweight rating against stronger operational figures and a higher earnings outlook.

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BASF SE stock (ISIN DE000BASF111) came under pressure on September 11, 2026, closing on Xetra below the prior day’s level even though the group reported higher earnings guidance and solid revenue growth for its latest quarter.

Guidance raised while stock retreats

According to Ad-hoc News, BASF lifted revenue by 16 percent to EUR 17.2 billion in its most recent reported quarter, clearly exceeding analyst expectations for the period.

In the same release, earnings before special items reached EUR 2.4 billion for that quarter, providing a robust operating result compared with the prior year level that industry observers had anticipated would be lower in a weaker demand environment.

As Ad-hoc News reports, BASF has now guided EBITDA before special items to a range of EUR 6.9 billion to EUR 7.7 billion for the current year, up from a previous range of EUR 6.2 billion to EUR 7.0 billion, which represents an increase of up to EUR 1.5 billion at the top end.

Analyst stance remains cautious

The stronger guidance has not fully convinced all analysts. Additional pressure on the shares came from JPMorgan, which kept its Underweight rating on BASF despite the raised outlook, according to Ad-hoc News on September 11, 2026.

Investor sentiment is further shaped by Bernstein SocGen Group, which reiterated an Outperform rating with a price target of EUR 62.00 on BASF SE, as noted by Investing.com on September 11, 2026.

The EUR 62.00 target from Bernstein implies upside compared with recent Xetra levels around the low 50-euro range, while JPMorgan’s Underweight stance highlights concerns about cyclical exposure and energy cost risks for the chemicals producer.

Stock performance and trading levels

Per data from a German stock portal, BASF shares fell about 3.0 percent in Xetra trading on September 11, 2026, to approximately EUR 51.76, compared with a prior close of around EUR 53.37 the day before.

A separate price snapshot on September 12, 2026, shows BASF trading around EUR 53.34 on Xetra, indicating a modest recovery of roughly 3.1 percent from the previous day’s intraday low, although the stock remains below the level seen before the guidance update.

According to a recent Xetra overview, BASF’s 52-week range extends from roughly EUR 41.48 on the downside to levels above EUR 50.00, placing the latest price noticeably closer to the upper half of that band and reflecting the partial rebound in European chemicals shares.

Events and investor perspective

With the updated EBITDA corridor and the confirmed free cash flow target of EUR 1.5 billion to EUR 2.3 billion for the current year as noted by Ad-hoc News, BASF aims to balance higher earnings with disciplined cash generation.

The investor relations calendar on BASF’s website points to further reporting dates later in 2026, and upcoming quarterly figures will show whether the company can sustain the 16 percent revenue growth seen in the latest quarter while managing energy input costs and demand fluctuations across its end markets.

Stock remains below recent high

As of September 12, 2026, BASF stock on Xetra is trading around EUR 53.34, leaving it below its recent peak near EUR 53.37 but above the midweek low of EUR 51.76, a range that reflects investors’ mixed reaction to the raised guidance and divergent analyst views.