Citi cuts target for Mercedes-Benz stock from EUR 51 to EUR 42

Published on 10/06/2026 at 11:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue was EUR 32.1 billion, down 3.30 percent year over year. Mercedes-Benz stock costs EUR 40.34 on October 6, 2026 after EUR 40.31.

Dokumentarische Schwarzweißaufnahme eines Fabrikarbeiters an Karosserie — Schwarzweiß-Reportage der Mercedes-Benz Group AG (DE0007100000) dokumentiert einen Arbeiter an der Produktionslinie, Illustration mit AI erstellt.

Mercedes-Benz Group stock (ISIN DE0007100000) was trading at EUR 40.34 at Lang & Schwarz on October 6, 2026 at 11:40 a.m. CEST, plus 0.07 percent versus the prior close of EUR 40.31. According to Investing.com on October 5, 2026, Citi cut its Mercedes-Benz price target from EUR 51.00 to EUR 42.00.

Citi flags margin pressure

The revised target leaves Citi's Buy stance aside and puts the emphasis on earnings risk. The firm said Mercedes-Benz Cars EBIT margin could fall below 3.00 percent in fiscal year 2026, citing pressure from China, electric vehicle competition, pricing and raw-material costs.

Citi also cut its bull-case scenario from EUR 75.00 to EUR 70.00 and its bear-case scenario from EUR 40.00 to EUR 30.00, according to Investing.com on October 5, 2026. The gap between the target cut and the current euro quote makes the next results a direct test of the margin debate.

Q2 revenue fell 3.30 percent

Mercedes-Benz reported Group revenue of EUR 32.1 billion and adjusted Group EBIT of EUR 2.3 billion in the second quarter of 2026. Simply Wall St recorded Q2 2026 revenue at EUR 32.1 billion, down 3.30 percent from the second quarter of 2025, while net income rose 16.00 percent to EUR 1.07 billion, giving the current debate a mixed earnings profile.

The official Q2 figures show why the headline risk is concentrated in the Cars division rather than the whole group. Financial Services and Vans supported the result, while Citi's margin warning points to the operating leverage that remains in the core passenger-car business.

October 28 results set next date

Mercedes-Benz's investor-relations calendar lists October 28, 2026 for the Group's third-quarter interim report and analyst conference call, following a pre-close call on October 8, 2026. The dates are shown on the company's Investor Relations page.

Stock sits above yearly low

At EUR 40.34 on October 6, 2026, Mercedes-Benz stock stood 2.36 percent above its 52-week low of EUR 39.41 and below its 52-week high of EUR 62.34. The Lang & Schwarz quote was EUR 40.34, plus 0.07 percent versus the prior close of EUR 40.31.

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