Deutsche Bank cuts ACS stock target to EUR 129.00

Published on 10/09/2026 at 12:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Operating net profit rose 30 percent to EUR 510 million in the first half of 2026. ACS stock costs EUR 91.60 on October 9, 2026 after EUR 92.58.

Key points in brief

Deutsche Bank cut its ACS price target from EUR 135.00 to EUR 129.00 on October 8, 2026.
First-half operating net profit rose 30.00 percent to EUR 510.0 million.
ACS stock was trading at EUR 91.60 at Lang & Schwarz on October 9, 2026, down 1.06 percent.

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ACS (ISIN ES0167050915) was trading at EUR 91.60 at Lang & Schwarz on October 9, 2026 at 12:28 p.m. CEST, down 1.06 percent. Bolsamania reported on October 8, 2026 that Deutsche Bank cut its ACS price target from EUR 135.00 to EUR 129.00.

ACS events in sequence

In May 2026, ACS completed an accelerated bookbuilding offering worth EUR 1.7 billion, according to the company's July 29 earnings-call transcript published by Yahoo Finance. On July 29, 2026, the same transcript recorded first-half operational net profit of EUR 510 million, up 30 percent year over year. On October 8, 2026, Deutsche Bank's target cut to EUR 129.00 became the latest dated analyst action reported by Bolsamania.

What does the backlog mean for ACS?

The first-half backlog reached EUR 105.9 billion, up 21 percent on a comparable basis, while sales increased 12 percent on an FX-adjusted basis to EUR 26.2 billion, according to the July 29 transcript published by Yahoo Finance. The operating net profit guidance for 2026 was raised to growth of 30 percent to 35 percent, equivalent to EUR 1.1 billion to EUR 1.15 billion.

That backlog gives the target cut a useful operating counterweight, but the valuation debate remains tied to execution in digital infrastructure and Turner. Cinco Dias reported on September 17, 2026 that the November event will combine third-quarter results with a Capital Markets Day and will test the profitability of the group's U.S. operations.

The next reporting date

ACS is scheduled to publish its nine-month 2026 results and hold its Capital Markets Day on November 12, 2026, according to the dated company calendar information carried by Simply Wall St.

ACS stock stays below its yearly high

At Lang & Schwarz, ACS stock was trading at EUR 91.60 on October 9, 2026 at 12:28 p.m. CEST, down 1.06 percent versus the EUR 92.58 prior close of October 8, 2026. The finance quote showed a market capitalization of EUR 24.4 billion and a 52-week range of EUR 69.50 to EUR 141.20 as of October 9, 2026.

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