Deutsche Bank cuts target for Veolia stock from EUR 39 to EUR 37

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

First-half revenue reached EUR 22.19 billion, up 0.70 percent. Veolia stock costs EUR 31.06 on October 9, 2026 after EUR 30.94, plus 0.39 percent.

Key points in brief

Deutsche Bank cut its Veolia target from EUR 39.00 to EUR 37.00 on October 7, 2026, while retaining its buy rating.
First-half 2026 revenue reached EUR 22.19 billion, up 0.70 percent, with EBITDA at EUR 3.55 billion.
Veolia stock was trading at EUR 31.06 at Lang & Schwarz on October 9, 2026, plus 0.39 percent versus EUR 30.94.
Veolia's next scheduled event is its nine-month 2026 key figures presentation on November 5, 2026.

Aquarell Pariser Flusslandschaft mit Anlage, Veolia Environnement S.A., FR0000124141 — Veolia Environnement S.A. (FR0000124141) illustriert in zartem Aquarell eine Pariser Flusslandschaft mit Kläranlage und Stadtkulisse, Illustration mit AI erstellt.

Veolia (FR0000124141) is dealing with a lower analyst target after BFM Bourse reported on October 7, 2026 that Deutsche Bank cut its price target from EUR 39.00 to EUR 37.00 while keeping its buy rating. The change puts valuation and execution back at the center of the Veolia stock story.

What does the target cut change?

The EUR 37.00 target lies 19.12 percent above the EUR 31.06 Lang & Schwarz price on October 9, 2026. That gap leaves the analyst view positive, but the reduction from EUR 39.00 makes the operating outlook more important than the headline target alone.

Ideal Investor also reported on October 7, 2026 that Goldman Sachs cut its target from EUR 41.00 to EUR 37.00 on October 5, 2026, while retaining its buy rating. The two target revisions point to a shared EUR 37.00 reference rather than a change in analyst direction.

Three dated events reset the backdrop

On June 30, 2026, Veolia's first-half figures showed revenue of EUR 22.19 billion and EBITDA of EUR 3.55 billion, according to Veolia. Revenue was up 0.70 percent, while EBITDA rose 5.00 percent in the first half of 2026, according to Ideal Investor.

On September 30, 2026, Veolia announced a EUR 1.00 billion, 25-year drinking water services contract covering eight municipalities in the Barcelona metropolitan area and more than 230,000 residents. On October 7, 2026, Deutsche Bank's target reduction became the latest dated event in that sequence.

What comes next for Veolia?

Veolia lists its nine-month 2026 key figures presentation for November 5, 2026, followed by full-year 2026 results on February 17, 2027. Those dates give investors the next formal checkpoints for revenue progress, profitability and the group's current net income growth guidance of at least 8.00 percent.

Veolia stock remains below its yearly high

Veolia stock was trading at EUR 31.06 at Lang & Schwarz on October 9, 2026 at 12:08 p.m. CEST, plus 0.39 percent versus the prior close of EUR 30.94 on October 8, 2026. The EUR 27.43 to EUR 37.66 52-week range places the quote 17.52 percent below its high.

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