Bernstein keeps target for Rational stock at EUR 1,070.00

Published on 10/06/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 6.00 percent to EUR 641.50 million. Rational stock costs EUR 576.50 on October 6, 2026 after EUR 566.50.

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Rational stock was trading at EUR 576.50 at Lang & Schwarz on October 6, 2026 at 1:31 p.m. CEST, up 1.77 percent versus the EUR 566.50 prior close. As finanzen.at reported on October 2, 2026, Bernstein Research kept its Outperform rating and EUR 1,070.00 price target for Rational.

Bernstein sees margin support

Bernstein's assessment followed management signals before the next quarterly report. The company reaffirmed mid- to high-single-digit growth and an operating margin of 25.00 percent to 26.00 percent for fiscal year 2026, according to finanzen.at.

The target sits 85.51 percent above the Lang & Schwarz price, calculated from EUR 1,070.00 and EUR 576.50. That gap makes the analyst view a material counterpoint to the stock's position 25.76 percent below its EUR 776.50 52-week high.

First-half growth meets a margin test

In the first half of 2026, revenue reached EUR 641.50 million, up 6.00 percent from EUR 606.20 million in the first half of 2025, while organic growth was 8.00 percent, GDO News reported on September 9, 2026.

EBIT increased 11.00 percent year on year to EUR 169.90 million, lifting the EBIT margin to 26.50 percent from 25.30 percent. The improvement included a EUR 14.00 million refund of US tariffs, so the reported margin also carries a one-off effect, according to Yahoo Finance.

November date sets the next test

Rational's next nine-month statement is scheduled for November 5, 2026, at 7:00 a.m., according to the company's investor-relations calendar. The timing gives the market a defined checkpoint for the 25.00 percent to 26.00 percent margin outlook and the durability of first-half growth.

Rational develops cooking systems for commercial kitchens, including the iCombi and iVario product lines. In the first half of 2026, iCombi revenue rose 5.00 percent to EUR 562.20 million, while iVario revenue increased 14.00 percent to EUR 79.40 million, according to GDO News.

Stock remains below its yearly high

At EUR 576.50, Rational's Lang & Schwarz price was EUR 10.00 above the October 5, 2026 prior close and within its EUR 560.50 to EUR 776.50 52-week range. Market capitalization stood at EUR 6.6 billion as of October 6, 2026, while the share was listed on Xetra under ticker RAA and was included in the MDAX.

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