Bernstein raises target for Continental stock to EUR 82.00

Published on 10/13/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The new target is EUR 82.00 versus EUR 74.00 on October 8, 2026. Continental stock costs EUR 69.05, plus 0.66 percent versus EUR 68.60.

Bernstein raised its Continental target from EUR 74.00 to EUR 82.00 and upgraded the stock to Outperform on October 8, 2026.
Continental stock was trading at EUR 69.05 at Lang & Schwarz on October 13, 2026, plus 0.66 percent versus the Xetra close of EUR 68.60.
Second-quarter 2026 group sales were EUR 4.40 billion, while adjusted EBIT reached EUR 570.00 million and the margin was 12.90 percent.
Continental is scheduled to publish its third-quarter 2026 results on November 4, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Reifen und Bremsscheibe auf Holztisch — Flatlay mit Aktienzertifikat und ISIN-Karte DE0005439004 visualisiert Investment in Continental AG, deutscher Automobilzulieferer Reifenhersteller, Illustration mit AI erstellt.

Continental (ISIN DE0005439004) was trading at EUR 69.05 at Lang & Schwarz on October 13, 2026, plus 0.66 percent versus the Xetra close of EUR 68.60. On October 8, 2026, Bernstein raised its target from EUR 74.00 to EUR 82.00 and upgraded the rating from Market-Perform to Outperform, as Investing.com reported. The upgrade puts the planned ContiTech sale and the shift toward a pure tire company at the center of the investment case.

Bernstein sees more value

Bernstein said Continental trades at 7.30 times enterprise value to operating profit, compared with 7.40 times for Pirelli and 8.00 times for Michelin. The analyst view also cited the EUR 4.00 billion ContiTech sale and expected cash proceeds of EUR 3.10 billion, with the transaction targeted for completion by the end of 2026.

The new EUR 82.00 target is 18.80 percent above the Lang & Schwarz price of EUR 69.05, calculated in the same currency. Bernstein forecast a Tires adjusted EBIT margin of 14.40 percent for the third quarter of 2026, versus consensus at 13.50 percent, while raw material inflation remains a key risk for the second half of 2026.

What does the latest quarter show?

According to Yahoo Finance, Continental reported EUR 4.40 billion of group sales in the second quarter of 2026, down from EUR 4.90 billion in the second quarter of 2025. Adjusted EBIT increased to EUR 570.00 million, lifting the adjusted EBIT margin from 9.60 percent to 12.90 percent. The Tires business delivered an adjusted EBIT margin of 15.30 percent in the same quarter.

Three dated milestones

On September 24, 2026, Continental announced the sale of mycar Tyre & Auto at an enterprise value of AUD 403.00 million. On September 29, 2026, it announced two new Porsche tire approvals for the Panamera and Cayenne. On October 8, 2026, Bernstein raised its target to EUR 82.00 and upgraded the rating to Outperform.

Next dates for shareholders

Continental lists November 4, 2026, for both the quarterly statement as of September 30, 2026, and the third-quarter 2026 results. That publication will test whether the Tires margin can remain near the 14.40 percent level forecast by Bernstein.

Stock price and valuation

Continental stock was trading at EUR 69.05 at Lang & Schwarz on October 13, 2026, at 9:12 a.m. CEST. The price was plus 0.66 percent versus the Xetra close of October 12, 2026, at EUR 68.60, while the 52-week range was EUR 53.10 to EUR 77.50 and market capitalization was EUR 13.7 billion as of October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of Continental stock.