Berenberg kept its EUR 358 target for OHB stock ahead of results

Published on 10/15/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OHB stock costs EUR 171.30 on October 15, 2026, 0.98 percent below the Xetra close. The next report is due November 12, 2026.

Targets and operating delivery

Berenberg kept its EUR 358.00 target and Buy rating for OHB on October 12, 2026.
OHB's first-half total performance reached EUR 627.90 million versus EUR 563.50 million a year earlier.
OHB stock trades at EUR 171.30 at 10:02 a.m. CEST at Lang & Schwarz on October 15, 2026, 0.98 percent below the Xetra close of October 14, 2026.

OHB, DE0005936124, Illustration mit AI erstellt.

OHB (ISIN DE0005936124) saw Berenberg keep its EUR 358.00 target and Buy rating on October 12, 2026, according to finanzen.net. At 10:02 a.m. CEST on October 15, 2026, OHB was trading at EUR 171.30 at Lang & Schwarz, 0.98 percent below the Xetra close of October 14, 2026 at EUR 173.00.

Berenberg favors space exposure

Berenberg analyst Chris Armstrong included OHB among six particularly promising European stocks and linked the view to rising German and European spending on space and defense, finanzen.net reported on October 12, 2026. The unchanged EUR 358.00 target is an assessment rather than a guaranteed outcome.

The operating backdrop is more concrete. In the first half of 2026, OHB's total performance reached EUR 627.90 million, up from EUR 563.50 million in the first half of 2025, while adjusted EBITDA rose to EUR 60.40 million from EUR 45.90 million, according to MS Aktuell.

What does the margin mean?

Management's 2026 plan calls for total performance of EUR 1.40 billion and an adjusted EBITDA margin between 10.50 percent and 11.00 percent. The first-half order backlog stood at EUR 3.304 billion, giving the target a measurable operating test in the second half, as MS Aktuell reported.

Three events changed the picture

On September 21, 2026, OHB presented its pipeline and 2026 plan at the Berenberg and Goldman Sachs German Corporate Conference, with EUR 1.40 billion of planned total performance, according to Stock-World. On September 25, 2026, Deutsche Bank Research raised its OHB target from EUR 275.00 to EUR 300.00, as MS Aktuell reported. On October 12, 2026, Berenberg kept its EUR 358.00 target and Buy rating, according to finanzen.net.

Next dates carry the test

OHB's next reporting date is November 12, 2026, for nine-month results and an earnings call. The company also lists the Deutsche Bank Global Space and Defense Tech Summit for November 17-18, 2026, on its OHB investor-relations page.

OHB stock remains below its peak

The 52-week range is EUR 95.00 to EUR 685.00 as of October 15, 2026, while market capitalization stands at EUR 3.5 billion. OHB's 2026 execution therefore matters more than the target alone: the company must convert its backlog into the planned margin.

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