Citi raises KION stock target to EUR 62.00

Published on 10/01/2026 at 14:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KION stock costs EUR 39.41 on October 1, 2026 after EUR 39.74, minus 0.83 percent. Half-year revenue rose 3.50 percent to EUR 5.687 billion.

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KION (ISIN DE000KGX8881) stock was trading at EUR 39.41 at Lang & Schwarz on October 1, 2026 at 2:01 p.m. CEST, while Citi raised its target from EUR 46.00 to EUR 62.00 and upgraded the rating from Neutral to Buy on September 8, 2026, as Investing.com reported. The gap between the new target and the Lang & Schwarz price is 57.22 percent, calculated in euros.

Half-year growth meets a softer order book

In the first half of 2026, KION revenue increased 3.50 percent to EUR 5.687 billion, while adjusted EBIT climbed 12.00 percent to EUR 429.6 million, according to Aktien-Global.de on September 14, 2026. The operating improvement therefore outpaced sales growth, giving investors a clearer margin signal than the top-line increase alone.

The counterweight was order intake of EUR 5.8 billion in the first half of 2026, down from EUR 6.2 billion in the first half of 2025. The same report said Industrial Trucks and Services revenue fell 1.30 percent to EUR 4.07 billion, while Intelligent Automation Solutions revenue rose 18.00 percent to EUR 1.62 billion.

Citi sees recovery into 2027

Citi expects KION sales growth to recover to more than 6.00 percent in 2027 and forecasts roughly 5.00 percent overall growth in Industrial Trucks and Services, according to Investing.com. The brokerage also said its EBIT forecasts were more than 10.00 percent above consensus for 2027 and 2028, but identified the cyclical industrial market as a key risk.

KION's updated 2026 outlook calls for revenue of EUR 11.5 billion to EUR 12.0 billion and adjusted EBIT of EUR 880 million to EUR 980 million, compared with earlier ranges of EUR 11.4 billion to EUR 12.3 billion and EUR 850 million to EUR 1.04 billion, respectively, according to Aktien-Global.de.

Results date sets the next test

KION is scheduled to publish third-quarter 2026 results on October 29, 2026, according to MarketScreener. The next report will show whether the stronger adjusted EBIT trend is broadening beyond Intelligent Automation Solutions and whether order intake is stabilizing.

At Lang & Schwarz, KION stock was trading at EUR 39.41 on October 1, 2026 at 2:01 p.m. CEST, down 0.83 percent versus the EUR 39.74 prior close on September 30, 2026. The 52-week range was EUR 35.80 to EUR 70.45, and market capitalization was EUR 5.2 billion as of October 1, 2026. The primary exchange is Xetra, where KION trades under ticker KGX. The further course of trading is shown by the continuously updated real-time quote of KION stock.