Deutsche Bank keeps Siemens stock at Hold with EUR 270 target

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

Revenue rose 8.00 percent in fiscal Q3 2026. Siemens stock costs EUR 274.13 on October 12, 2026, plus 0.75 percent versus October 9 Xetra close EUR 272.10.

Key points in brief

Deutsche Bank maintained a Hold rating on Siemens with a EUR 270.00 price target on October 1, 2026.
Siemens reported 8.00 percent revenue growth in fiscal Q3 2026 and raised fiscal 2026 earnings guidance.
The stock was at EUR 274.13 at Lang & Schwarz on October 12, 2026, plus 0.75 percent versus the October 9 Xetra close.
Fiscal Q4 2026 results are scheduled for November 12, 2026.

Trading-Floor mit Bildschirmen, DAX-Kurve und Xetra-Anzeige, Händler im Fokus — Börsen-Editorialfoto vom Frankfurter Handelsraum mit DAX- und Xetra-Anzeigen zeigt das Marktumfeld der Siemens AG DE0007236101, Illustration mit AI erstellt.

Siemens (ISIN DE0007236101) stock was at EUR 274.13 at Lang & Schwarz on October 12, 2026 at 9:25 a.m. CEST, plus 0.75 percent versus the October 9 Xetra close of EUR 272.10. On October 1, 2026, Deutsche Bank analyst Gael De-Bray maintained a Hold rating and a EUR 270.00 price target, according to Markets Insider.

Three recent figures shape Siemens

On August 6, 2026, Siemens reported fiscal Q3 revenue growth of 8.00 percent, industrial business profit of EUR 3.50 billion and a 17.30 percent margin, according to Yahoo Finance. The same fiscal Q3 update said free cash flow reached EUR 4.10 billion and fiscal 2026 earnings per share pre-PPA guidance rose to EUR 11.20-11.50.

On September 29, 2026, UBS maintained a Buy rating and a EUR 330.00 price target, as reported by Markets Insider. That target stands EUR 55.87 above the Lang & Schwarz price, but the currencies and venues differ from the Xetra comparison, so the figures are kept separate.

What supports the outlook?

The fiscal Q3 call showed group orders of EUR 27.90 billion, up 14.00 percent from the prior-year period, while the order backlog reached EUR 132.00 billion. Smart Infrastructure orders rose 42.00 percent to EUR 8.00 billion, and its full-year comparable revenue growth guidance was raised to 10.00-11.00 percent, according to Yahoo Finance.

Chronology of key events

On August 6, 2026, fiscal Q3 revenue reached EUR 20.79 billion, according to Yahoo Finance. On September 29, 2026, UBS retained its Buy rating with a EUR 330.00 target, according to Markets Insider. On October 1, 2026, Deutsche Bank kept its Hold rating with a EUR 270.00 target, according to Markets Insider.

Important dates for Siemens

Siemens is scheduled to report fiscal Q4 2026 results on November 12, 2026, according to Simply Wall St. The company also expects shareholder approval meetings for the Siemens Healthineers spin-off in February 2027, according to Yahoo Finance.

Stock remains below its yearly high

Siemens had a market capitalization of EUR 209.6 billion as of October 12, 2026. Its 52-week range was EUR 198.00 to EUR 291.70, placing the Lang & Schwarz price EUR 17.57 below the high, while the Xetra comparison showed a plus 0.75 percent move from EUR 272.10.

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