Berenberg raises target for Vodafone stock to 140 GBp
Published on 10/06/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Vodafone (ISIN GB00BH4HKS39) was trading at EUR 1.49 at Lang & Schwarz on October 6, 2026 at 1:50 p.m. CEST, unchanged from the EUR 1.49 prior close. Markets Insider reported on October 2, 2026 that Berenberg raised its Vodafone target from GBp 123.00 to GBp 140.00 and maintained a Buy rating.
Berenberg lifts the valuation bar
The target change followed Vodafone's first-quarter trading update and the acquisition of the remaining 49 percent of VodafoneThree. Berenberg's new target is a concrete test of whether stronger operating trends can translate into cash generation.
Investing.com reported on October 2, 2026 that Berenberg forecasts fiscal 2027 free cash flow of EUR 2.89 billion, at the top of Vodafone's EUR 2.6 billion to EUR 2.9 billion guidance range. The forecast sits EUR 0.01 billion below the upper end, giving the target change a cash-flow basis rather than a purely valuation-driven rationale.
Q1 growth sets the operating test
According to Vodafone in its Q1 FY27 trading update dated July 27, 2026, organic service revenue increased 5.20 percent and organic adjusted EBITDAaL increased 6.20 percent. The 1.00 percentage point gap between the two growth rates makes cost control and conversion into cash central to the investment case.
Vodafone lists a VodafoneThree investor briefing for October 8, 2026. The event gives management an opportunity to detail merger savings, integration costs and the path from the enlarged UK operation to free cash flow.
Vodafone stock holds at EUR 1.49
The unchanged Lang & Schwarz quote keeps the immediate market signal neutral, while the company figures and Berenberg's GBp 140.00 target provide the more informative comparison points. Vodafone's primary listing is on the LSE, where its share price is quoted in GBp.
The further course of trading is shown by the continuously updated real-time quote of Vodafone stock.
Vodafone stock at a glance
- Company: Vodafone Group Public Limited Company
- ISIN: GB00BH4HKS39
- Ticker: VOD.L
- Primary exchange: LSE
- Price Lang & Schwarz (as of October 6, 2026, 1:50 p.m. CEST): EUR 1.49
- Change versus prior close: 0.00 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 1.49
- Market capitalization: GBP 29.2 billion (as of October 2, 2026)
- 52-week range: GBp 83.40-132.07 (as of October 5, 2026)
- Sector / Industry: Communication Services / Telecommunications Services
