Deutsche Bank stock extends rally after Goldman Sachs raises price target
Published on 09/13/2026 at 14:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Deutsche Bank stock (ISIN DE0005140008) has remained strong in recent trading, with the Xetra-listed shares last quoted around EUR 34.84 on September 13, 2026, keeping them close to a multi-year high reached earlier in the month. According to ad-hoc-news on September 12, 2026, Goldman Sachs recently raised its price target for Deutsche Bank from EUR 37.00 to EUR 43.75 and upgraded the shares from neutral to buy, highlighting what it sees as roughly 19 percent upside from prevailing levels.
Goldman Sachs upgrade anchors sentiment
The latest move by Goldman Sachs has become a key catalyst for Deutsche Bank stock, as investors reassess the bank’s earnings power in a more favorable rate environment. As ad-hoc-news reports, the new EUR 43.75 target compares with a previous EUR 37.00 mark, implying that Goldman Sachs now expects Deutsche Bank shares to rise about 19 percent from a reference level around EUR 36.75 and signaling improved conviction in the bank’s strategy and profitability outlook.
On September 8, 2026, Deutsche Bank stock reached a multi-year high of EUR 35.85 on Xetra, according to ad-hoc-news, marking a notable advance compared with earlier levels and placing the shares near the upper end of their trading range over the past year. That move toward EUR 35.85, together with the subsequent Goldman Sachs upgrade, has underlined the market’s focus on Deutsche Bank’s capacity to deliver stronger earnings as interest rates stay higher for longer in the euro area.
Earnings and profitability in focus
Beyond the price-target revision, investors continue to watch Deutsche Bank’s earnings trajectory, including net profit and dividend capacity, as summarized by analyst forecast tables updated on September 13, 2026. A forecast overview on Boursorama dated September 13, 2026 shows that analysts currently expect Deutsche Bank’s net earnings per share to rise from 3.16 euros in 2025 to an estimated 3.34 euros in 2026 and 3.83 euros in 2027, indicating a projected increase of about 5.7 percent between 2025 and 2026 and roughly 14.7 percent between 2026 and 2027.
The same forecast table on Boursorama suggests that Deutsche Bank’s dividend yield could climb from 3.00 percent in 2025 to 3.35 percent for 2026 and 3.80 percent for 2027, if the estimates are met. For shareholders, steadily rising earnings per share and a gradual increase in expected dividend yield represent central elements of the investment case, particularly as European financials aim to translate higher interest margins into shareholder returns.
Price levels near the upper range
In the near term, the share price itself remains the most tangible yardstick for Deutsche Bank’s progress on the market. Trading data on Boursorama show that Deutsche Bank stock last changed hands at EUR 34.84 on Xetra at 17:35:40 on September 13, 2026, with several trades executed at that level toward the close of the session. While the detailed daily change and 52-week high and low are not fully visible in the snippet, the earlier multi-year high of EUR 35.85 on September 8, 2026, as reported by ad-hoc-news, indicates that the current quote of EUR 34.84 leaves the shares trading only about EUR 1.01, or close to 2.8 percent, below that recent peak.
The forecast section on Boursorama underscores that expectations for Deutsche Bank’s net profit per share and dividend yield have gradually increased as of September 13, 2026, suggesting that analysts, on average, anticipate further improvement in profitability and capital distribution over the 2025 to 2027 horizon. Together with the higher Goldman Sachs price target of EUR 43.75, these projections help explain why the shares have moved toward the upper end of their recent trading range and why Deutsche Bank stock has remained supported despite broader volatility in European equities.
Stock holds firm at elevated level
As of September 13, 2026, Deutsche Bank stock thus continues to trade at an elevated level on Xetra, with the EUR 34.84 closing price sitting not far below the multi-year high of EUR 35.85 recorded on September 8, 2026. For investors, the combination of a fresh Goldman Sachs upgrade with a price target lifted by EUR 6.75, rising analyst expectations for earnings per share from 3.16 euros in 2025 to 3.34 euros in 2026 and 3.83 euros in 2027, and a projected increase in dividend yield from 3.00 percent to 3.80 percent over the same period provides a data-rich picture of why sentiment toward Deutsche Bank has improved.
Deutsche Bank stock key data
- Company: Deutsche Bank AG
- ISIN: DE0005140008
- WKN: 514000
- Ticker: DBK
- Trading venue: Xetra
- Price (as of September 13, 2026, 17:35): 34.84 EUR
- Market capitalization: [value] EUR (as of [date])
- Sector / Industry: Banks / Financial Services
- Index membership: DAX 40
