Deutsche Telekom reports fiber orders: Goldman cuts target for Deutsche Telekom stock

Published on 10/19/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 4.40 percent to EUR 29.93 billion. Deutsche Telekom stock costs EUR 25.93 on October 19, 2026, 0.15 percent above Xetra close.

Efficiency goals shape the next test

Fiber orders covering 7 million homes were reported on October 6, 2026.
AI and automation savings are targeted at EUR 1.1 billion for 2027.
Deutsche Telekom stock trades at EUR 25.93 at 9:15 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.15 percent above the Xetra close of October 16, 2026.

Aquarell-Stadtpanorama mit transparentem Hexagon-Netzwerk-Overlay in Pastelltönen — Aquarellillustration eines stilisierten Netz-Mesh-Gitters über einer impressionistischen Stadtsilhouette in Pastellfarben – illustriert die flächendeckende Netzabdeckung der Deutsche Telekom AG (ISIN DE0005557508), Illustration mit AI erstellt.

Deutsche Telekom (ISIN DE0005557508) reported fiber orders covering seven million homes on October 6, 2026, while Goldman Sachs cut its price target from EUR 40.00 to EUR 38.00 and kept a Buy rating, according to Börse Express and DER AKTIONÄR. The combination leaves investors measuring operational savings against a lower valuation benchmark.

Three events set the timeline

On October 5, 2026, Goldman Sachs lowered its target from EUR 40.00 to EUR 38.00 while retaining its Buy rating. On October 6, 2026, Deutsche Telekom reported fiber orders covering seven million homes, with EUR 800 million planned for network investment over the following three years, according to Börse Express. On November 5, 2026, the company is scheduled to publish third-quarter results, according to its Deutsche Telekom investor-relations page.

What will the results test?

The key issue is whether efficiency plans become measurable operating progress. Deutsche Telekom targets EUR 1.1 billion of gross savings from AI and automation in 2027 versus 2023, and EUR 2.5 billion of indirect-cost savings by 2030, figures reported by Börse Express. Those are targets rather than realized earnings, so the next report matters for execution evidence.

Dates investors can measure

Two dates frame the next review: T-Mobile US is scheduled to report third-quarter results on October 28, 2026, and Deutsche Telekom is scheduled to report its own third-quarter results on November 5, 2026, according to Admirals and Deutsche Telekom.

Stock price stays near EUR 26

Second-quarter net revenue reached EUR 29.93 billion, up 4.40 percent year over year, while adjusted EBITDA after leases rose 7.50 percent to EUR 11.82 billion, according to the October company context reported by Admirals. The figures give the November report a concrete operating baseline.

Deutsche Telekom was trading at EUR 25.93 at Lang & Schwarz on October 19, 2026 at 9:15 a.m. CEST, 0.15 percent above the Xetra close of October 16, 2026 at EUR 25.89. The further course of trading is shown by the continuously updated real-time quote of Deutsche Telekom stock.