Deutsche Bank raises target for At&S stock from EUR 320 to EUR 380

Published on 10/19/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AT&S plans EUR 350 million bond redemption on October 22, 2026. At&S stock costs EUR 170.40 on October 19, 2026, 2.18 percent below the Xetra close.

Financing and growth signals

AT&S will redeem EUR 350 million of hybrid bonds on October 22, 2026.
Revenue reached EUR 548.70 million in the quarter ended June 30, 2026.
At&S stock trades at EUR 170.40 at 9:14 a.m. CEST at Lang & Schwarz on October 19, 2026, 2.18 percent below the Xetra close of October 16, 2026.
Deutsche Bank raised its target to EUR 380.00 from EUR 320.00 on October 16, 2026.

At&S, AT0000969985, Illustration mit AI erstellt.

At&S (ISIN AT0000969985) stock trades at EUR 170.40 at Lang & Schwarz on October 19, 2026 at 9:14 a.m. CEST, 2.18 percent below the Xetra close of October 16, 2026 at EUR 174.20. Yahoo Finance reported on October 16, 2026 that Deutsche Bank raised its target for At&S from EUR 320.00 to EUR 380.00. The financing announcement and the target revision give investors two different signals: lower recurring funding costs and higher expectations for execution.

EUR 350 million redemption approaches

AT&S announced on October 8, 2026 that it will redeem its 2022 hybrid bond for EUR 350 million on October 22, 2026. According to AT&S, the redemption follows the placement of a 2026 hybrid convertible bond, while the new coupon is 50.00 percent lower than the old one. The company said the transaction should reduce recurring financing costs and will be funded from existing liquidity.

Three events define the setup

On September 22, 2026, AT&S expanded its collaboration with Marvell Technology to increase advanced IC substrate capacity for AI and cloud infrastructure, including the fit-out of Plant 2, according to AT&S. On October 8, 2026, it announced the EUR 350 million bond redemption. On October 16, 2026, Deutsche Bank lifted its target from EUR 320.00 to EUR 380.00, as Yahoo Finance reported.

What does the growth mean for valuation?

The latest reported quarter ended June 30, 2026, with revenue of EUR 548.70 million and net income of EUR 40.85 million, according to TickerLandia. Revenue exceeded the stated estimate of EUR 527.65 million, while earnings per share reached EUR 0.93 against an estimate of EUR 0.52. The next reported date is November 5, 2026, when AT&S is scheduled to publish its half-year results.

Price stays below the October high

The October 19, 2026 Lang & Schwarz quote is 29.59 percent below the 52-week high of EUR 242.00 and remains above the 52-week low of EUR 25.00. The market capitalization was EUR 6.7 billion as of October 19, 2026. For investors, the key tension is measurable: operating figures point to a stronger recent quarter, while the stock remains well below its yearly high.

At&S stock was trading at EUR 170.40 at Lang & Schwarz on October 19, 2026 at 9:14 a.m. CEST, 2.18 percent below the Xetra close of October 16, 2026 at EUR 174.20. The further course of trading is shown by the continuously updated real-time quote of At&S stock.