Berenberg raises AkzoNobel target to EUR 70: AkzoNobel stock sits 15.14 percent below it

Published on 10/23/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 EBITDA rose to EUR 388 million from EUR 385 million. AkzoNobel stock costs EUR 59.40 on October 23, 2026, with full-year EUR 1.47 billion guidance.

Analyst target and operating figures

Berenberg raised its AkzoNobel target from EUR 67.00 to EUR 70.00 on October 22, 2026.
Third-quarter adjusted EBITDA reached EUR 388 million versus EUR 385 million in the prior-year quarter.
AkzoNobel stock trades at EUR 59.40 at 9:38 a.m. CEST at Lang & Schwarz on October 23, 2026.
Full-year 2026 adjusted EBITDA guidance stands at EUR 1.47 billion.

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AkzoNobel (ISIN NL0013267909) was trading at EUR 59.40 at Lang & Schwarz on October 23, 2026 at 9:38 a.m. CEST. Belegger.nl reported on October 22, 2026 that Berenberg raised its AkzoNobel price target from EUR 67.00 to EUR 70.00 while maintaining its Buy rating.

Target increase tests the results

The new target puts the analyst view above the current euro quotation, while the latest results provide the operating basis for the revision. AkzoNobel reported third-quarter adjusted EBITDA of EUR 388 million, compared with EUR 385 million in the third quarter of 2025, according to StockTitan citing the October 21, 2026 Form 6-K. The adjusted EBITDA margin increased to 15.30 percent from 15.10 percent.

Three dated developments

On October 5, 2026, AkzoNobel announced the sale of its Southeast Asian decorative paints activities to Nippon Paint for USD 1.35 billion, as ICIS reported on October 21. On October 21, the company published third-quarter adjusted EBITDA of EUR 388 million. On October 22, Berenberg lifted its target to EUR 70.00.

What dates shape the outlook?

The next material milestone is the planned Axalta merger closing in early 2027, subject to regulatory approvals, according to the October 21 report from Global Banking & Finance Review. AkzoNobel also maintained full-year 2026 adjusted EBITDA guidance at EUR 1.47 billion. The counterweight is weaker demand: third-quarter volumes fell 2.00 percent year over year, even as pricing rose 5.00 percent.

Stock valuation in euros

The finance quote shows a market capitalization of EUR 10.2 billion and a 52-week range of EUR 46.18 to EUR 67.64, both as of October 23, 2026. AkzoNobel operates in specialty chemicals and sells paints and coatings under brands including Dulux, International, Sikkens and Interpon.

AkzoNobel was trading at EUR 59.40 at Lang & Schwarz on October 23, 2026 at 9:38 a.m. CEST.