Deutsche Bank kept Siemens stock at Hold with EUR 270 target

Published on 10/08/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal Q3 orders reached EUR 27.90 billion, up 14.00 percent. Siemens stock costs EUR 265.53 versus EUR 271.43 on October 8, 2026.

3D-Architekturvisualisierung eines Bürohochhauses neben einem Industriecampus — Architektur-Render eines modernen Bürohochhauses mit Industriecampus veranschaulicht die Unternehmenszentrale von Siemens AG DE0007236101, Illustration mit AI erstellt.

Siemens (ISIN DE0007236101) was trading at EUR 265.53 at Lang & Schwarz on October 8, 2026 at 11:30 a.m. CEST, down 2.17 percent versus the prior close of EUR 271.43. Deutsche Bank Research had kept its Hold rating and EUR 270.00 price target for Siemens in a commentary dated October 1, 2026, according to finanzen.ch.

Deutsche Bank sees a mixed 2027

The bank said Siemens could finish fiscal 2026 strongly, while the outlook for fiscal 2027 may not match high expectations. The EUR 270.00 target stands 1.68 percent above the Lang & Schwarz price, using the same euro currency for both figures.

For investors, the contrast is clear: the analyst view is cautious on the next fiscal year, while the current quotation remains only EUR 5.47 below the stated target. The Hold rating therefore places more weight on execution and forward expectations than on a fresh change in the target.

Fiscal third-quarter demand remains strong

Siemens reported fiscal third-quarter group orders of EUR 27.90 billion, up 14.00 percent from the prior-year quarter. The figure came with a book-to-bill ratio of 1.34 and an order backlog of EUR 132.00 billion, according to the fiscal third-quarter earnings-call transcript published by Yahoo Finance.

The same transcript said industrial business profit reached EUR 3.50 billion in fiscal third quarter, with a 17.30 percent margin. Smart Infrastructure orders rose 42.00 percent to EUR 8.00 billion, while its order backlog reached EUR 23.70 billion, giving the operating picture a stronger tone than the Hold rating alone suggests.

Siemens stock stays inside its yearly range

The primary Xetra listing uses ticker SIE, and the stock's 52-week range was EUR 198.00 to EUR 291.70 as of October 8, 2026. At EUR 265.53, the Lang & Schwarz quote sat EUR 26.17 below that high, while the market capitalization was EUR 202.0 billion on the same date.

Deutsche Bank's EUR 270.00 target is therefore close to the current euro quotation, but the stock remains materially below its 52-week high. The next reported event listed by finanzen.ch is expected on November 12, 2026.

Trading reference for Siemens stock

Siemens stock was trading at EUR 265.53 at Lang & Schwarz on October 8, 2026 at 11:30 a.m. CEST, versus the EUR 271.43 prior close of October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Siemens stock.