Jefferies cuts Siemens to Hold and raises target for Siemens stock

Published on 10/16/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Target rises from EUR 277.00 to EUR 300.00 on October 15, 2026. Siemens stock costs EUR 270.80 on October 16, 2026 versus EUR 270.65 at Xetra.

Analyst change and operating scale

Jefferies raised its Siemens target from EUR 277.00 to EUR 300.00 on October 15, 2026.
Siemens reported fiscal third-quarter orders of EUR 27.9 billion, up 14.00 percent, on August 6, 2026.
Siemens stock trades at EUR 270.80 at 10:04 a.m. CEST at Lang & Schwarz on October 16, 2026, 0.06 percent above the Xetra close of October 15, 2026.

3D-Architekturvisualisierung eines Bürohochhauses neben einem Industriecampus — Architektur-Render eines modernen Bürohochhauses mit Industriecampus veranschaulicht die Unternehmenszentrale von Siemens AG DE0007236101, Illustration mit AI erstellt.

Siemens stock (ISIN DE0007236101) was trading at EUR 270.80 at Lang & Schwarz on October 16, 2026 at 10:04 a.m. CEST, up 0.06 percent versus the Xetra close of October 15, 2026 at EUR 270.65. The latest catalyst is Jefferies' change from Buy to Hold and its higher EUR 300.00 target, up from EUR 277.00, reported on October 15, 2026 by Investing.com.

Three dated Siemens milestones

The sequence puts the rating change against a strong operating backdrop. On August 6, 2026, Siemens reported fiscal third-quarter orders of EUR 27.9 billion, up 14.00 percent from the prior year, and a record order backlog of EUR 132.0 billion, according to the Yahoo Finance transcript. On September 22, 2026, Siemens Mobility signed a high-speed rail contract with VinSpeed, as Capital.com reported. On October 15, 2026, Jefferies cut its rating to Hold while lifting the target to EUR 300.00.

What does the target change mean?

Jefferies' decision separates valuation from operating expectations. The firm said Siemens enters fiscal 2027 with strong backlog visibility, but it also identified Digital Industries order risks, including a forecast 4.00 percent gap to consensus for fiscal 2027. That tension matters because the fiscal third-quarter transcript showed industrial-business profit of EUR 3.5 billion and a 17.3 percent margin, while Siemens raised fiscal 2026 earnings-per-share guidance to EUR 11.20-EUR 11.50.

The next reporting date

Siemens is scheduled to publish fiscal fourth-quarter and full-year 2026 results on November 12, 2026, according to Capital.com. The date will test whether the backlog and margin progress described in August have carried into the new fiscal year.

Siemens stock stays near its yearly high

The reference price remains inside the EUR 198.00 to EUR 291.70 52-week range as of October 16, 2026. For investors, the immediate question is whether the higher target can outweigh Jefferies' more cautious rating on demand-sensitive industrial orders.

Siemens stock was trading at EUR 270.80 at Lang & Schwarz on October 16, 2026 at 10:04 a.m. CEST, 0.06 percent above the Xetra close of October 15, 2026 at EUR 270.65. The further course of trading is shown by the continuously updated real-time quote of Siemens stock.