Continental stock gains as Morgan Stanley raises target to EUR 78

Published on 10/05/2026 at 17:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Continental stock was last at EUR 68.90 on October 5, 2026, after Morgan Stanley lifted its target to EUR 78. Q2 adjusted EBIT reached EUR 570 million.

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Continental stock (ISIN DE0005439004) was last at EUR 68.90 on Xetra on October 5, 2026, up 1.17 percent from the previous close. The immediate catalyst was Morgan Stanley, which upgraded Continental from Equalweight to Overweight and raised its price target from EUR 62 to EUR 78, as Investing.com reported on October 5, 2026.

Morgan Stanley lifts target

The new target stands 13.2 percent above the Xetra price of EUR 68.90. Morgan Stanley based its view on Continental's transition toward a tire-focused group after the planned ContiTech sale, with projected margin expansion in the Americas and a richer ultra-high-performance tire mix, according to Yahoo Finance on October 5, 2026.

The same analysis put Continental's 2027 earnings estimates 10 percent above consensus and its 2028 estimates 25 percent above consensus. It also cited a planned EUR 2.5 billion return of proceeds from the ContiTech transaction, while EUR 600 million is earmarked for debt reduction, as Yahoo Finance reported.

Q2 margins improved

Continental's Q2 2026 group sales reached EUR 4.4 billion versus EUR 4.9 billion in Q2 2025, while adjusted EBIT rose to EUR 570 million. The adjusted EBIT margin increased to 12.9 percent from 9.6 percent, according to the company's Q2 earnings call published by Yahoo Finance.

The Tires business generated EUR 3.3 billion in sales and delivered a 15.3 percent adjusted EBIT margin in Q2 2026. Continental's full-year guidance for continuing operations calls for sales of EUR 13.2 billion to EUR 14.2 billion and an adjusted EBIT margin of 12 percent to 13.5 percent, with the company's earnings call pointing to profitability in the upper half of that range.

Continental stock last at EUR 68.90

Continental stock was last at EUR 68.90 on Xetra at 5:29 p.m. CEST on October 5, 2026. Its market capitalization was EUR 13.8 billion, with a 52-week range of EUR 53.10 to EUR 77.50 and trading volume of 206,132 shares.