Goldman Sachs upgrades Henkel stock to Neutral with EUR 79 target

Published on 10/07/2026 at 09:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Henkel reported EUR 10.3 billion first-half sales, up 3.2 percent organically. Henkel stock costs EUR 73.72 on October 7, 2026 after EUR 73.12.

Arbeiter in weißem Schutzanzug inspiziert Industrietanks und Rohrleitungen in einem Chemiewerk, Schwarzweiß — Schwarz-Weiß-Dokumentarfotografie eines Arbeiters in Schutzanzug und Helm vor großen Industrietanks und Rohrleitungen in einem chemischen Produktionswerk – symbolisiert die industrielle Fertigungstiefe der Henkel AG & Co. KGaA (ISIN DE0006048432) im Bereich Klebstoffe und Spezialchemikalien, Illustration mit AI erstellt.

Henkel stock (ISIN DE0006048432) was trading at EUR 73.72 at Lang & Schwarz on October 7, 2026 at 9:23 a.m. CEST, plus 0.82 percent versus the prior close of EUR 73.12. On October 6, 2026, Goldman Sachs upgraded Henkel from Sell to Neutral and raised its price target from EUR 75.00 to EUR 79.00, according to Aktiencheck.

Goldman raises its target

The target increase gives Henkel stock 7.17 percent upside from the Lang & Schwarz price, calculated against the EUR 79.00 target. Goldman Sachs cited continuing momentum in the adhesives business and Henkel's growing hair-care exposure, while its new Neutral rating replaced Sell.

The analyst action follows Henkel's first-half performance and the company's raised organic sales outlook for fiscal 2026. The assessment therefore combines a more constructive view of operating momentum with a valuation that Goldman Sachs considered sufficiently reflected in the share price.

First-half growth supports guidance

According to Henkel in its investor-relations update dated August 6, 2026, first-half sales reached EUR 10.3 billion and organic sales growth was 3.2 percent. Adjusted EBIT rose to EUR 1.62 billion, while the adjusted EBIT margin increased to 15.7 percent.

Henkel lifted its fiscal 2026 organic sales-growth guidance to 1.5 percent to 3.5 percent from 1.0 percent to 3.0 percent. The adjusted EBIT margin outlook remained 14.5 percent to 16.0 percent, creating a direct comparison between the stronger first-half margin and the full-year range.

The company also reported adjusted earnings per preferred share of EUR 2.86 in the first half, up 7.1 percent at constant currencies. The figures leave investors weighing better sales momentum against the prospect of a softer margin profile in the second half.

Acquisitions add a second driver

Henkel completed the acquisition of specialty-coatings company Stahl on October 1, 2026, according to the company's investor-relations page. Stahl expands Adhesive Technologies, while earlier transactions in hair care broaden Consumer Brands and support the strategic case behind the revised outlook.

The next scheduled reporting date is November 10, 2026, when Henkel plans to publish its third-quarter 2026 report. Until then, the key test is whether the 3.2 percent first-half organic growth rate can remain consistent with the 1.5 percent to 3.5 percent fiscal-year guidance range.

Stock remains below yearly high

Henkel stock was trading at EUR 73.72 at Lang & Schwarz on October 7, 2026 at 9:23 a.m. CEST, plus 0.82 percent versus the prior close of EUR 73.12. The 52-week range was EUR 57.85 to EUR 77.25, while market capitalization stood at EUR 29.9 billion as of October 7, 2026.

The further course of trading is shown by the continuously updated real-time quote of Henkel stock.