Goldman Sachs cuts target for Vonovia stock to EUR 18.40

Published on 10/14/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Value-Add revenue rose 13.80 percent in the first half of 2026. Vonovia stock costs EUR 16.96 on October 14, 2026 versus EUR 16.52.

Analyst target and operating growth

Goldman Sachs cut its Vonovia target to EUR 18.40 on October 12, 2026.
Value-Add revenue rose 13.80 percent to EUR 79.20 million in the first half of 2026.
Vonovia stock trades at EUR 16.96 at 11:04 a.m. CEST on October 14, 2026, 2.66 percent above the Xetra close of October 13, 2026.

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Goldman Sachs cut its Vonovia target from EUR 21.20 to EUR 18.40 on October 12, 2026, while keeping its Neutral rating, according to Boerse Express. At 11:04 a.m. CEST on October 14, 2026, Vonovia stock stood at EUR 16.96, 2.66 percent above the Xetra close of October 13, 2026 at EUR 16.52.

Goldman target falls to EUR 18.40

The new Goldman Sachs target is 8.49 percent above the Lang & Schwarz price, calculated against EUR 16.96. The lower target puts the analyst view close to the stock's current valuation while the company prepares its next interim report.

ODDO BHF also cut its target from EUR 25.00 to EUR 23.00 and retained Outperform, while Goldman Sachs kept Neutral, Boerse Express reported on October 14, 2026.

What does Veveus add?

Vonovia introduced Veveus on October 5, 2026, bringing investment, asset, property and facility management together for institutional owners and investors, according to Vonovia. The company said it already manages 75,000 apartments for third parties.

Value-Add external revenue reached EUR 79.20 million in the first half of 2026, up 13.80 percent from the same period, according to Vonovia. Management targets non-rental activities at 20 to 25 percent of total Adjusted EBITDA by 2028, with 9 to 12 percent planned for Value-Add.

Three milestones shape the story

On October 1, 2026, Vonovia was linked to a possible Alecta mandate involving 50,000 apartments, according to FinanzNachrichten. On October 5, 2026, the Veveus launch added a service-business angle, and on October 12, 2026, Goldman Sachs lowered its target.

Next report arrives November 4

Vonovia is scheduled to publish its report for the first nine months of 2026 on November 4, 2026, according to Boerse Express. That release will provide the next quantified test of rental operations, financing costs and the expansion beyond traditional housing.

Vonovia stock stays near yearly low

Vonovia stock was trading at EUR 16.96 at Lang & Schwarz on October 14, 2026 at 11:04 a.m. CEST, up 2.66 percent versus the Xetra close of October 13, 2026 at EUR 16.52. The 52-week range is EUR 16.18 to EUR 28.90, leaving the latest price EUR 0.78 above the yearly low. The further course of trading is shown by the continuously updated real-time quote of Vonovia stock.