Evercore cuts Siemens stock to In Line while target stays EUR 315.00

Published on 10/05/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Siemens stock costs EUR 273.45 on October 5, 2026 after EUR 276.58, minus 1.13 percent. Fiscal third-quarter revenue rose 8.00 percent to EUR 20.79 billion.

Fotorealistische Fabrikhalle mit Robotern und Schaltschränken der Automatisierung — Fotorealistische Aufnahme einer Fabrikautomatisierung zeigt Siemens AG DE0007236101 in moderner Industrie-Automatisierung mit Robotern, Illustration mit AI erstellt.

Evercore ISI downgraded Siemens from Outperform to In Line while keeping its EUR 315.00 price target, according to Investing.com on October 2, 2026. Siemens stock was trading at EUR 273.45 at Lang & Schwarz on October 5, 2026 at 1:00 p.m. CEST, down 1.13 percent from the prior close of EUR 276.58.

Evercore flags limited upside

Evercore said expected margin gains in Digital Industries and Smart Infrastructure were already largely reflected in the valuation. Its EUR 315.00 target remains EUR 41.55 above the Lang & Schwarz price, while the broker forecast total return of 11.30 percent and pointed to limited earnings momentum in Siemens fiscal 2027 outlook, Investing.com reported.

The rating change contrasts with the companys latest operating figures. Siemens fiscal third-quarter revenue rose 8.00 percent year over year to EUR 20.79 billion, while orders reached EUR 27.90 billion and increased 14.00 percent on a comparable basis, according to Capital.com.

Orders support raised guidance

Industrial-business profit climbed 25.00 percent to EUR 3.50 billion in the fiscal third quarter, producing a 17.30 percent margin. Net income increased 15.00 percent to EUR 2.60 billion, and free cash flow reached EUR 4.10 billion, Capital.com reported.

Siemens raised fiscal 2026 pre-purchase-price-allocation earnings per share guidance to EUR 11.20 to EUR 11.50 from EUR 10.70 to EUR 11.10. The company also expects comparable group revenue growth in the upper half of its 6.00 percent to 8.00 percent range, keeping order conversion central to the investment case, according to Capital.com.

Next results arrive in November

Siemens is scheduled to publish fiscal fourth-quarter and full-year 2026 results on November 12, 2026, according to the financial calendar cited by Capital.com. For investors, the next report will test whether the strong order intake can continue to support margins after the Evercore downgrade.

Siemens stock stays below yearly high

Siemens stock was trading at EUR 273.45 at Lang & Schwarz on October 5, 2026 at 1:00 p.m. CEST, versus a prior close of EUR 276.58 on October 2, 2026. The price sits within the Xetra 52-week range of EUR 198.00 to EUR 291.70, with market capitalization at EUR 208.2 billion as of October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Siemens stock.