Bernstein keeps Lufthansa stock at Market-Perform with EUR 9.00 target

Published on 10/05/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 7.90 percent to EUR 11.14 billion in the second quarter. Lufthansa stock costs EUR 7.55 on October 5, 2026 after EUR 7.64.

Aquarell-Illustration von Kondensstreifen über Pastellwolken — Aquarell-Illustration für Deutsche Lufthansa AG (ISIN DE0008232125): Zarte handgemalte Kondensstreifen kreuzen sich über einer pastellfarbenen Wolkenlandschaft mit einem kleinen generischen Flugzeugsilhouetten-Motiv, Illustration mit AI erstellt.

Lufthansa (ISIN DE0008232125) was trading at EUR 7.55 at Lang & Schwarz on October 5, 2026 at 11:47 a.m. CEST, down 1.18 percent versus the prior close of EUR 7.64. According to finanzen.ch on September 24, 2026, Bernstein Research kept Lufthansa at Market-Perform with a EUR 9.00 price target.

Bernstein keeps a EUR 9.00 target

The Bernstein target lies 19.21 percent above the Lang & Schwarz price. That spread gives the analyst view a concrete valuation reference, while the unchanged Market-Perform rating signals neither an upgrade nor a downgrade.

Second-quarter margin shows the strain

International Finance reported on September 18, 2026 that Lufthansa generated EUR 11.14 billion in revenue in the second quarter of 2026, up 7.90 percent from the year-earlier quarter. Adjusted EBIT fell to EUR 383.0 million from EUR 870.0 million, showing how higher operating costs absorbed the revenue growth.

The company expected full-year 2026 adjusted EBIT of EUR 1.70-2.20 billion, compared with adjusted EBIT of EUR 1.96 billion in 2025, according to International Finance. The same report put Lufthansa's 2026 fuel-cost expectation at EUR 8.66 billion, below the earlier EUR 8.90 billion forecast.

Stock trades below the prior close

The combination of a EUR 9.00 analyst target and a EUR 1.70-2.20 billion adjusted EBIT range leaves execution and fuel costs central to the investment case. Lufthansa's second-quarter adjusted EBIT was EUR 383.0 million, so the second half of 2026 must carry much of the full-year result.

Lufthansa stock was trading at EUR 7.55 at Lang & Schwarz on October 5, 2026 at 11:47 a.m. CEST, down 1.18 percent versus the prior close of EUR 7.64. The 52-week range was EUR 6.72 to EUR 10.29, while market capitalization stood at EUR 9.1 billion on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Lufthansa stock.