Deutsche Bank keeps EUR 8.00 target: Lufthansa stock falls 1.24 percent

Published on 10/21/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lufthansa stock costs EUR 7.19 on October 21, 2026, 1.24 percent below Xetra close. Third-quarter results are scheduled for November 3, 2026.

Strategic deal meets earnings test

Lufthansa was selected for 44.9 percent of TAP on October 14, 2026.
Second-quarter adjusted EBIT reached EUR 383 million in 2026.
Lufthansa stock trades at EUR 7.19 at 10:12 a.m. CEST at Lang & Schwarz on October 21, 2026, 1.24 percent below the Xetra close of October 20, 2026.

Aquarell-Illustration von Kondensstreifen über Pastellwolken — Aquarell-Illustration für Deutsche Lufthansa AG (ISIN DE0008232125): Zarte handgemalte Kondensstreifen kreuzen sich über einer pastellfarbenen Wolkenlandschaft mit einem kleinen generischen Flugzeugsilhouetten-Motiv, Illustration mit AI erstellt.

Deutsche Lufthansa (ISIN DE0008232125) was trading at EUR 7.19 at Lang & Schwarz on October 21, 2026, at 10:12 a.m. CEST, down 1.24 percent versus the Xetra close of October 20, 2026, at EUR 7.28. Boerse Express reported on October 21, 2026, that Deutsche Bank Research kept its Hold rating and EUR 8.00 price target after Lufthansa's planned TAP investment.

TAP selection sets the context

The strategic event behind the latest analyst discussion is Lufthansa's selection as preferred partner for a 44.9 percent stake in TAP Air Portugal on October 14, 2026. The offered consideration was EUR 1.025 billion, while completion remains separate from the selection itself, according to Deutsche Lufthansa.

The analyst framing is cautious. Deutsche Bank Research kept its EUR 8.00 target, while UBS had maintained a Buy recommendation with a EUR 10.00 target, as reported by Boerse Express on October 21, 2026. The difference shows that the transaction offers strategic potential but does not produce a uniform earnings assessment.

What does TAP mean for earnings?

Boerse Express reported that Lufthansa management had cited annual synergies of up to EUR 450 million on October 15, 2026. That figure is a target for future cooperation, not an existing contribution to reported profit. The immediate test remains the airline group's operating performance.

Three dates define the next phase

Chronology: On August 4, 2026, Lufthansa reported second-quarter revenue of EUR 11.1 billion, up 8.00 percent year over year, and adjusted EBIT of EUR 383 million, according to Deutsche Lufthansa. On October 14, 2026, Portugal selected Lufthansa for the 44.9 percent TAP stake. On October 20, 2026, Deutsche Bank Research kept its EUR 8.00 target.

Dates: Lufthansa is scheduled to publish third-quarter 2026 results on November 3, 2026, according to Boerse Express. The company's first Airbus A350-1000 service from Munich to Tokyo is scheduled for December 3, 2026, according to Deutsche Lufthansa.

Stock remains below yearly high

Lufthansa's market capitalization was EUR 8.6 billion on October 21, 2026. Its 52-week range was EUR 6.72 to EUR 10.29, putting the current Lang & Schwarz price 30.03 percent below the upper boundary. For investors, the next report must show whether the TAP strategy can coexist with pressure on airline profitability.

Deutsche Lufthansa was trading at EUR 7.19 at Lang & Schwarz on October 21, 2026, at 10:12 a.m. CEST, 1.24 percent below the Xetra close of October 20, 2026, at EUR 7.28. The further course of trading is shown by the continuously updated real-time quote of Lufthansa stock.