Deutsche Bank keeps Philips stock at Hold with EUR 24.00 target

Published on 10/07/2026 at 09:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income hit EUR 384.0 million, up 59.00 percent. Philips stock cost EUR 21.65 versus EUR 21.31 on October 7, 2026.

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Philips stock (ISIN NL0000009538) was at EUR 21.65 at Lang & Schwarz on October 7, 2026 at 9:18 a.m. CEST, equivalent to 1.59 percent above the Stuttgart close of EUR 21.31 on October 6, 2026. As Markets Insider reported on October 6, 2026, Deutsche Bank maintained a Hold rating and a EUR 24.00 price target in a report dated October 1, 2026. The target stands 10.85 percent above the Lang & Schwarz price.

Deutsche Bank keeps a cautious rating

The Deutsche Bank view gives Philips a defined valuation reference as the company approaches its next quarterly update. A EUR 24.00 target against EUR 21.65 at Lang & Schwarz implies 10.85 percent upside in the same currency, although the Hold rating signals that the bank does not frame the target as an immediate upgrade.

The latest analyst view also sits below the EUR 25.00 target that FinanzNachrichten reported for Jefferies on September 29, 2026. Jefferies retained Hold and projected 3.00 percent operational revenue growth for the third quarter.

Profit improved in the second quarter

Philips reported second-quarter 2026 revenue of EUR 4.36 billion, broadly flat against the second quarter of 2025, while net income rose from EUR 242.0 million to EUR 384.0 million. That represents a calculated 58.68 percent increase year over year.

According to Simply Wall St, adjusted EBITA margin reached 16.40 percent in the second quarter of 2026, alongside comparable sales growth of 4.00 percent. The same report states that earnings per share increased from EUR 0.26 in the second quarter of 2025 to EUR 0.40 in the second quarter of 2026.

The margin figure needs careful interpretation because the second-quarter results included a US tariff refund, which supported adjusted profitability. That distinction matters for investors assessing whether the higher reported margin reflects recurring operating improvement or a one-time benefit.

Third-quarter results due November 3

Philips lists July 28, 2026 as the publication date for its second-quarter 2026 results. The next reporting date shown in current company coverage is November 3, 2026, when Philips is scheduled to publish third-quarter results.

The near-term test is therefore whether operational revenue growth can reach the 3.00 percent expectation cited by Jefferies while the company preserves the margin improvement recorded in the second quarter. The contrast between a EUR 24.00 Deutsche Bank target and a Hold rating keeps execution, rather than headline valuation, at the center of the setup.

Philips stock stays above the prior close

At Lang & Schwarz, Philips stock was trading at EUR 21.65 on October 7, 2026 at 9:18 a.m. CEST, plus 1.59 percent versus the Stuttgart close of EUR 21.31 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Philips stock.