Bernstein cuts target for Telekom stock from EUR 37.00 to EUR 28.10

Published on 10/08/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Telekom stock costs EUR 26.91 on October 8, 2026 after EUR 26.98, minus 0.26 percent. Q2 revenue rose 4.40 percent year over year to EUR 29.93 billion.

Isometrische 3D-Ansicht eines Rechenzentrums mit Serverreihen und blauen Datenkabeln — Isometrische 3D-Illustration eines Miniatur-Rechenzentrums mit Serverracks und Verkabelung – repräsentiert die Cloud- und Rechenzentrumskapazitäten der Deutsche Telekom AG (ISIN DE0005557508), Illustration mit AI erstellt.

Telekom (ISIN DE0005557508) was trading at EUR 26.91 at Lang & Schwarz on October 8, 2026 at 12:04 p.m. CEST, down 0.26 percent versus the prior close of EUR 26.98. The latest analyst move came from Bernstein, which cut its target for Telekom stock from EUR 37.00 to EUR 28.10 and lowered its rating to Market-Perform, as Börse Express reported on October 4, 2026.

Bernstein target falls to EUR 28.10

The cut reduced the target by 24.05 percent from EUR 37.00, using the same euro basis for both figures. Börse Express attributed Bernstein's caution to uncertainty around a possible T-Mobile US combination and stronger competition in German fixed-line broadband, factors that could weigh on margins.

The same report said Berenberg maintained a Buy rating, creating a clear split between the two analyst views. That disagreement makes the November operating update more important than a single target change.

Second-quarter revenue reaches EUR 29.93 billion

Deutsche Telekom's second-quarter 2026 revenue rose 4.40 percent year over year to EUR 29.93 billion from EUR 28.67 billion, according to BörsenNEWS.de on September 16, 2026. Adjusted earnings per share were not used in that comparison; the reported figure was earnings per share of EUR 0.51, down from EUR 0.54 a year earlier.

The revenue increase contrasts with the earnings-per-share decline, leaving investors with two separate signals from the latest reported quarter. The operating picture therefore depends on whether future growth can offset competitive pressure and infrastructure spending.

November 5 sets the next test

Deutsche Telekom is scheduled to publish its third-quarter 2026 results on November 5, 2026, according to its Investor Relations calendar. The release will provide the next comparable data point for revenue, earnings per share and the full-year outlook.

At Lang & Schwarz, the stock was trading at EUR 26.91 on October 8, 2026 at 12:04 p.m. CEST, versus the EUR 26.98 prior close on October 7, 2026. The 52-week range was EUR 23.53 to EUR 34.36, while market capitalization stood at EUR 130.1 billion as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Telekom stock.