BASF stock gained 1.06 percent as Evonik talks reshape strategy????nope? Wait need correct JSON

Published on 10/04/2026 at 16:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BASF stock gained 1.06 percent on October 2, while second-quarter revenue reached EUR 17.2 billion. Bernstein cut its target to EUR 61.

Bauhaus-Poster mit geometrischen Formen, Laborkolben-Silhouette und dem Wort CHEMIE — BASF SE (ISIN DE000BASF111) als weltgrößter Chemiekonzern wird durch geometrische Bauhaus-Formen dargestellt, Illustration mit AI erstellt.

BASF stock (ISIN DE000BASF111) gained 1.06 percent to EUR 49.92 on Xetra on October 2, 2026, as the chemical company remained tied to the strategic question of a potential Evonik takeover. According to BASF on September 25, 2026, exploratory talks with Evonik and RAG-Stiftung were under way, but their course and outcome remained open.

Evonik talks raise the strategic stakes

The proposed transaction would add a major capital-allocation decision to BASF's existing portfolio transformation. BASF said the acquisition option must strengthen core businesses, show strategic fit, support profitable growth and create value, setting a demanding standard for any future offer.

The market is weighing that strategic ambition against execution risk. BörsenNEWS.de reported on September 28, 2026, that Bernstein Research cut its BASF price target from EUR 63 to EUR 61 while retaining an Outperform rating. The same report said analyst James Hooper viewed the potential combination with Evonik as making the investment story more complex.

Revenue and EBITDA set the benchmark

BASF entered the Evonik debate after a strong second quarter. Stock-World reported that second-quarter 2026 revenue rose 16 percent year over year to EUR 17.2 billion, while adjusted EBITDA before special items reached EUR 2.4 billion.

The company also raised its 2026 adjusted EBITDA guidance to EUR 6.9 billion to EUR 7.7 billion, compared with the earlier range of EUR 6.2 billion to EUR 7.0 billion. That improvement gives investors a concrete operating benchmark when judging whether a large acquisition would reinforce or dilute BASF's earnings trajectory.

Capital Markets Day has a fixed date

BASF's investor-relations calendar lists the 2026 Capital Markets Day for November 23 and November 24, 2026. The event is scheduled to provide a further checkpoint on portfolio strategy, capital allocation and the planned development of the group's standalone businesses, including Agricultural Solutions.

BASF stock stays below its yearly high

BASF stock was last at EUR 49.92 on Xetra on October 2, 2026, at 5:35 p.m. CEST, with volume of 1,578,821 shares. The 52-week range was EUR 41.48 to EUR 55.05, placing the price EUR 5.13 below the high, while market capitalization stood at EUR 43.0 billion.