Deutsche Bank raised its target for Jenoptik stock from EUR 48.00 to EUR 52.00

Published on 10/19/2026 at 09:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half orders reached EUR 723.40 million, up 53.00 percent year over year. Jenoptik stock costs EUR 36.59 on October 19, 2026 versus EUR 36.64.

Analyst target and reporting date

Deutsche Bank Research lifted its Jenoptik target from EUR 48.00 to EUR 52.00 on October 15, 2026.
First-half 2026 order intake reached EUR 723.40 million, up 53.00 percent year over year.
Jenoptik stock trades at EUR 36.59 at 9:49 a.m. CEST at Lang & Schwarz on October 19, 2026, minus 0.14 percent versus the Xetra close of October 16, 2026.

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Jenoptik stock (ISIN DE000A2NB601) was trading at EUR 36.59 at Lang & Schwarz on October 19, 2026, at 9:49 a.m. CEST, down 0.14 percent versus the Xetra close of October 16, 2026, at EUR 36.64. The latest company-specific catalyst came from Investing.com, which reported on October 15, 2026, that Deutsche Bank Research raised its target from EUR 48.00 to EUR 52.00.

Orders strengthen the investment case

The upgrade came against a stronger order picture than the revenue line alone suggests. In the first half of 2026, Jenoptik generated revenue of EUR 503.20 million, compared with EUR 498.40 million a year earlier, while order intake rose to EUR 723.40 million from EUR 472.70 million, according to FNE. That means revenue increased 1.00 percent, while orders climbed 53.00 percent year over year.

The profitability trend was more pronounced. First-half EBITDA reached EUR 98.90 million, up from EUR 78.80 million, and the margin widened to 19.70 percent from 15.80 percent. The company also raised its full-year EBITDA margin outlook to 20.00 to 21.00 percent and expects revenue growth in the upper half of its single-digit range, as summarized by FNE.

Three dated steps in the story

On June 9, 2026, Jenoptik proposed a dividend of EUR 0.40 per share for fiscal year 2025, according to FNE. On August 12, 2026, the first-half report showed EUR 723.40 million in order intake. On October 15, 2026, Deutsche Bank Research raised its target from EUR 48.00 to EUR 52.00, according to Investing.com.

What does the order book mean?

The first-half order backlog stood at EUR 824.80 million, compared with EUR 590.80 million at the end of 2025. A book-to-bill ratio of 1.44 indicates that incoming orders exceeded recognized revenue, but the split between divisions remains important because Semiconductor & Advanced Manufacturing order intake grew 85.30 percent while other businesses were weaker.

Next reporting date

Jenoptik's next financial update is scheduled for November 10, 2026, covering January through September 2026, according to the company's Jenoptik investor-relations page.

Stock stays below the yearly high

The EUR 36.59 Lang & Schwarz quote is 24.43 percent below the EUR 48.42 52-week high and 101.60 percent above the EUR 18.15 low, both as of October 19, 2026. The primary exchange is Xetra, where the stock is included in the MDAX and TecDAX.

Jenoptik was trading at EUR 36.59 at Lang & Schwarz on October 19, 2026, at 9:49 a.m. CEST, minus 0.14 percent versus the Xetra close of October 16, 2026, at EUR 36.64. The further course of trading is shown by the continuously updated real-time quote of Jenoptik stock.