Deutsche Bank raises Jenoptik target to EUR 52: Jenoptik stock falls 2.73 percent

Published on 10/20/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half orders rose 53.00 percent to EUR 723.40 million. Jenoptik stock costs EUR 35.31 on October 20, 2026, 2.73 percent below Xetra close.

Analyst target and reporting date

Deutsche Bank raised its Jenoptik target from EUR 48.00 to EUR 52.00 on October 15, 2026.
First-half orders reached EUR 723.40 million, up 53.00 percent year over year.
Jenoptik stock trades at EUR 35.31 at 10:17 a.m. CEST at Lang & Schwarz on October 20, 2026, 2.73 percent below the Xetra close of October 19, 2026.

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Jenoptik stock (ISIN DE000A2NB601) was trading at EUR 35.31 at Lang & Schwarz on October 20, 2026, at 10:17 a.m. CEST, down 2.73 percent versus the Xetra close of October 19, 2026 at EUR 36.30. On October 15, 2026, Deutsche Bank raised its target for Jenoptik from EUR 48.00 to EUR 52.00 and kept its Buy rating, according to MarketScreener.

Why does the order book matter?

Jenoptik's first-half 2026 order intake reached EUR 723.40 million, up 53.00 percent from EUR 472.70 million a year earlier. Revenue was EUR 503.20 million, compared with EUR 498.40 million in the first half of 2025, while the EBITDA margin improved to 19.70 percent from 15.80 percent, according to FNE. The contrast matters: orders are accelerating faster than reported sales, giving the November update a clear execution test.

Three dates shape the story

On August 12, 2026, Jenoptik reported first-half orders of EUR 723.40 million and an EBITDA margin of 19.70 percent, as FNE summarized. On September 30, 2026, Baader Europe moved its rating from Sell to Reduce and set a six-month target of EUR 43.80, reported by wallstreetONLINE. On October 15, 2026, Deutsche Bank lifted its target from EUR 48.00 to EUR 52.00, according to MarketScreener.

What comes next for Jenoptik?

Jenoptik's investor-relations calendar lists November 10, 2026, for its January-to-September quarterly update, according to the Jenoptik investor-relations page. The key comparison will be whether stronger orders translate into revenue while the full-year EBITDA margin outlook remains 20.00 to 21.00 percent.

Stock snapshot after the Xetra close

The current quotation puts the stock 27.12 percent below Deutsche Bank's EUR 52.00 target, calculated from the Lang & Schwarz price and the analyst target. At EUR 35.31, the stock also sits inside its EUR 18.15 to EUR 48.42 52-week range as of October 20, 2026.

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