Evercore cuts Siemens rating. Siemens stock gains 1.19 percent

Published on 10/02/2026 at 16:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit EUR 20.79 billion in the third quarter, up 7.30 percent year over year. Siemens stock costs EUR 276.50 on October 2, 2026 after EUR 273.25.

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Siemens (ISIN DE0007236101) was trading at EUR 276.50 at Lang & Schwarz on October 2, 2026 at 4:33 p.m. CEST, up 1.19 percent versus the EUR 273.25 prior close. Evercore downgraded Siemens from Outperform to In-Line on October 2, 2026, while retaining its EUR 315.00 price target, Investing.com reported.

Evercore changes its Siemens view

Evercore said expected margin gains in Digital Industries and Smart Infrastructure are already reflected in the valuation. The broker kept its EUR 315.00 target and forecast industrial adjusted EBITA of EUR 3.70 billion, while describing earnings momentum in the fiscal 2027 outlook as limited, according to Investing.com.

The broker expects organic growth of 6.00 to 9.00 percent in Digital Industries and 10.00 to 13.00 percent in Smart Infrastructure. Its expected margins of 19.00 to 21.00 percent and 19.00 to 20.00 percent compare with consensus margins of 20.40 percent and 19.90 percent, respectively.

Third-quarter revenue rises 7.30 percent

Siemens reported revenue of EUR 20.79 billion in its fiscal third quarter of 2026, up 7.30 percent from EUR 19.38 billion in the prior-year quarter. Net income reached EUR 2.58 billion, an increase of 15.20 percent from EUR 2.24 billion, according to NadirAlpha.

The same fiscal third-quarter report lists earnings per share of EUR 3.14, up 12.90 percent year over year, and free cash flow of EUR 4.15 billion. Siemens also raised its fiscal 2026 earnings-per-share pre-PPA guidance to EUR 11.20 to EUR 11.50 from EUR 10.70 to EUR 11.10, according to NadirAlpha.

Stock sits below its yearly high

At EUR 276.50, Siemens stock was 5.21 percent below its EUR 291.70 52-week high and 39.65 percent above its EUR 198.00 52-week low on October 2, 2026. The market capitalization stood at EUR 211.1 billion, giving the rating change a large-cap industrial context.

Siemens was trading at EUR 276.50 at Lang & Schwarz on October 2, 2026 at 4:33 p.m. CEST, plus 1.19 percent versus the EUR 273.25 prior close. The further course of trading is shown by the continuously updated real-time quote of Siemens stock.