Deutsche Bank sets EUR 70.00 target for Mercedes stock

Published on 10/01/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mercedes stock costs EUR 40.35 on October 1, 2026, below EUR 40.54. First-half sales fell 7.00 percent as guidance stayed at 3.00-5.00 percent.

Schwarze markenfreie Luxuslimousine fährt bei Sonnenuntergang auf Küstenstraße mit Meeresblick — Schwarze Premium-Limousine auf kurvenreicher Küstenstraße bei Sonnenuntergang. Mercedes-Benz Group AG, ISIN DE0007100000, Illustration mit AI erstellt.

Mercedes-Benz Group AG (ISIN DE0007100000) was trading at EUR 40.35 at Lang & Schwarz on October 1, 2026 at 9:07 a.m. CEST, a minus 0.47 percent change versus the EUR 40.54 prior close. The latest analyst signal came on September 29, 2026, when Deutsche Bank maintained its Buy rating and set a EUR 70.00 price target, according to Markets Insider.

Deutsche Bank sees valuation upside

The target is EUR 29.65 above the Lang & Schwarz price, equivalent to 73.48 percent using the same euro reference. That gap gives the analyst view a clear valuation angle, while the share price sits only EUR 0.22 above the primary-listing 52-week low of EUR 40.13 and remains below the EUR 62.34 high, both dated September 30, 2026.

DBS took a more cautious position on September 29, 2026, maintaining a Hold rating with a EUR 37.00 target, according to Markets Insider. The difference between EUR 70.00 and EUR 37.00 shows how sharply analyst assumptions diverge around Mercedes-Benz earnings power.

China weighs on the earnings picture

Mercedes-Benz generated EUR 32.06 billion in revenue in the second quarter of 2026, while net income was EUR 1.07 billion for the same period. The Q2 earnings call said first-half sales declined 7.00 percent including China, while adjusted return on sales guidance remained 3.00-5.00 percent and full-year xEV share guidance rose to 23.00-25.00 percent, according to Yahoo Finance.

The combination matters for valuation: the company is defending its premium positioning while accepting a lower sales outlook for 2026. For investors, the key comparison is between the 3.00-5.00 percent adjusted return on sales range and the 7.00 percent first-half sales decline.

October report sets the next test

Mercedes-Benz is scheduled to publish its third-quarter 2026 report on October 28, 2026, with an analyst conference call on the same date, according to the company's Investor Relations calendar. The report will test whether the confirmed margin range can absorb weaker China sales and continued investment in electric models.

Mercedes stock stays near its yearly low

At EUR 40.35, the Lang & Schwarz quote on October 1, 2026 at 9:07 a.m. CEST stood EUR 0.19 below the EUR 40.54 prior close, for a minus 0.47 percent daily change. Mercedes-Benz Group had a market capitalization of EUR 38.9 billion as of September 30, 2026, while its primary Xetra listing covered a EUR 40.13 to EUR 62.34 52-week range.

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