Berenberg keeps Bechtle target at EUR 40: Bechtle stock falls 1.59 percent

Published on 10/20/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg keeps its Buy rating for Bechtle on October 9, 2026. Bechtle stock costs EUR 34.60 on October 20, 2026, 1.59 percent below Xetra.

Analyst target and earnings date

Berenberg maintained a EUR 40.00 target for Bechtle on October 9, 2026.
Second-quarter 2026 revenue reached EUR 1.73 billion, up 16.50 percent year over year.
Bechtle stock trades at EUR 34.60 at 10:09 a.m. CEST at Lang & Schwarz on October 20, 2026, 1.59 percent below the Xetra close of October 19, 2026.
Bechtle is scheduled to publish its third-quarter 2026 results on November 12, 2026.

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Bechtle stock was trading at EUR 34.60 at Lang & Schwarz on October 20, 2026, 1.59 percent below the Xetra close of October 19, 2026 at EUR 35.16. Berenberg kept its Buy rating and EUR 40.00 price target after an investor event, according to wallstreetONLINE on October 9, 2026.

Profitability stays central

Berenberg analyst Andreas Wolf focused on higher profitability, memory semiconductor price inflation and Bechtle's business prospects. The EUR 40.00 target is 15.61 percent above the Lang & Schwarz price, a comparison that leaves execution as the key condition behind the analyst view.

The latest reported operating figures provide a stronger foundation than the daily price move. In the second quarter of 2026, revenue reached EUR 1.73 billion, up 16.50 percent from the year-earlier quarter, while net income rose 21.30 percent to EUR 57.80 million, according to aktienmagazin.de. That combination puts margin improvement ahead of pure sales growth in the current investment case.

Three milestones shape the case

On June 30, 2026, Bechtle reported second-quarter revenue of EUR 1.73 billion and net income of EUR 57.80 million. On September 21, Deutsche Bank raised its price target to EUR 49.00 with a Buy rating, as reported by MarketScreener. On October 9, Berenberg maintained its EUR 40.00 target after the investor event.

What does EUR 40 mean for valuation?

The target implies 15.61 percent upside from EUR 34.60, but Berenberg's note centered on profitability rather than a new earnings forecast. Bechtle also agreed a security partnership with secunet on October 6, under which Bechtle will operate and provide the platform across Europe, according to secunet.

Next results arrive in November

MarketScreener lists November 12, 2026 as the next earnings release for the third quarter of 2026. That report will test whether the 16.50 percent second-quarter revenue growth and 21.30 percent net-income growth can translate into the higher profitability highlighted by Berenberg.

Stock trades below the prior close

Bechtle was trading at EUR 34.60 at Lang & Schwarz on October 20, 2026 at 10:09 a.m. CEST, down 1.59 percent versus the Xetra close of October 19, 2026 at EUR 35.16. The further course of trading is shown by the continuously updated real-time quote of Bechtle stock.