Berenberg keeps EUR 40.00 target for Puma stock, 65.29 percent above price

Published on 10/16/2026 at 15:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Puma reports third-quarter results on October 30, 2026. Puma stock costs EUR 24.20 on October 16, 2026, up 0.04 percent versus the Xetra close.

Analyst view and trading date

On October 9, 2026, Berenberg maintained a EUR 40.00 target, 65.29 percent above the price.
Puma is scheduled to report third-quarter results on October 30, 2026.
Puma stock costs EUR 24.20 at Lang & Schwarz on October 16, 2026 at 3:01 p.m. CEST, 0.04 percent above the Xetra close of October 15, 2026.
Puma has a price-to-earnings ratio of minus 8.03 and a market capitalization of EUR 3.6 billion.

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Berenberg maintained its Buy rating and EUR 40.00 price target for Puma on October 9, 2026, leaving the target 65.29 percent above the stock price. The assessment came from analyst Nick Anderson, who said the new management could use ANTA Sports' expertise to unlock latent brand value, according to FinanzNachrichten. Puma stock was trading at EUR 24.20 at Lang & Schwarz on October 16, 2026 at 3:01 p.m. CEST, up 0.04 percent versus the Xetra close of October 15, 2026 at EUR 24.19.

Results date sets the next marker

Puma is scheduled to publish its third-quarter 2026 results on October 30, 2026. The date is listed in the company's investor-relations calendar at Puma. A preview published by finanzen.net on October 15, 2026 put the average forecast from 8 analysts at EUR 1.76 billion in revenue for the quarter, down 9.84 percent from EUR 1.96 billion a year earlier.

Stock sits below its yearly high

The current price is EUR 6.11 below Puma's 52-week high of EUR 30.31 and EUR 8.90 above its 52-week low of EUR 15.30. The 52-week range and the market value are from the October 16, 2026 PUM.DE quote. Puma's market capitalization was EUR 3.6 billion, while the price-to-earnings ratio was minus 8.03. The company had confirmed its full-year outlook in its second-quarter investor-relations update, which described expected revenue improvement in the second half of 2026.

Comparison with peers

Puma: up 0.04 percent, P/E minus 8.03, market capitalization EUR 3.6 billion
adidas (Xetra, EUR): up 0.79 percent, P/E 20.48, market capitalization EUR 27.8 billion
NIKE (NYSE, USD): up 5.21 percent, P/E 17.77, market capitalization USD 55.2 billion

Valuation and the October date

The analyst target is the clearest valuation reference in the current setup. Berenberg's EUR 40.00 target stands 65.29 percent above the Lang & Schwarz price, while Jefferies had cut its target from EUR 27.50 to EUR 23.50 and retained a Hold rating on October 6, 2026, according to Boerse Online. The competing views leave the October 30 results as the next dated test for Puma's turnaround.

Trading range remains the market frame

Puma's intraday quote stood between EUR 24.09 and EUR 24.50 in the PUM.DE market data, with a bid of EUR 24.18 and an ask of EUR 24.22. The small 0.04 percent premium to the October 15 Xetra close contrasts with the wider 20.16 percent distance below the 52-week high, keeping the annual range more informative than the day's narrow move.

The further course of trading is shown by the continuously updated real-time quote of Puma stock.