Deutsche Bank keeps Hensoldt stock target at EUR 105.00

Published on 10/22/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 23.60 percent to EUR 1,167 million in first-half 2026. Hensoldt stock costs EUR 83.39 on October 22, 2026, 1.08 percent below Xetra close.

Analyst view and upcoming dates

Deutsche Bank maintained its EUR 105.00 target on October 16, 2026.
First-half 2026 revenue rose 23.60 percent to EUR 1,167 million.
Hensoldt stock trades at EUR 83.39 at 11:02 a.m. CEST at Lang & Schwarz on October 22, 2026, 1.08 percent below the Xetra close of October 21, 2026.

Bauhaus-Geometrieposter für Hensoldt AG Rüstungssektor mit Radarkreisen und kräftigen Farben — Hensoldt AG im Rüstungssektor als Bauhaus Poster mit Radarkreisen geometrisch, ISIN DE000HAG0005, Illustration mit AI erstellt.

Hensoldt stock target stayed at EUR 105.00 on October 16, 2026, when Deutsche Bank analyst Christophe Menard maintained a Buy rating, according to Markets Insider. The call leaves the analyst view above the EUR 83.39 Lang & Schwarz price, while the next company update will test whether operational growth supports that valuation.

Revenue growth sets the baseline

Hensoldt reported first-half 2026 revenue of EUR 1,167 million, up 23.60 percent from EUR 944 million a year earlier. Adjusted EBITDA rose 28.50 percent to EUR 137 million from EUR 107 million, while the adjusted EBITDA margin improved to 11.80 percent from 11.30 percent, according to 4investors.

The order picture was even stronger. First-half order intake doubled to EUR 2,812 million from EUR 1,405 million, and the order backlog reached EUR 10,356 million versus EUR 7,070 million a year earlier. Hensoldt also confirmed 2026 revenue guidance of about EUR 2,750 million and an adjusted EBITDA margin of 18.50 percent to 19.00 percent.

Three dates show the progression

On July 31, 2026, Hensoldt reported EUR 1,167 million in first-half revenue. On October 5, 2026, CEO Oliver Dorre signed a memorandum with Ukraine covering further radar deliveries and work on TRL-4D LR systems, as ASDNews reported. On October 16, 2026, Deutsche Bank maintained its EUR 105.00 target.

Which dates come next?

Hensoldt is scheduled to publish its nine-month 2026 quarterly statement on November 5, 2026. The company has also scheduled a capital markets day in London for November 10, 2026, according to Boerse Express. Those dates put revenue conversion and margin delivery ahead of the next major investor discussion.

Stock trades below the Xetra close

At 11:02 a.m. CEST on October 22, 2026, Hensoldt stock was trading at EUR 83.39 at Lang & Schwarz, 1.08 percent below the Xetra close of October 21, 2026 at EUR 84.30. The primary listing is on Xetra, where the October 21 close provides the comparison base for the euro move. The further course of trading is shown by the continuously updated real-time quote of Hensoldt stock.