Jefferies raises target for Deutsche Börse stock from EUR 280.00 to EUR 330.00

Published on 10/05/2026 at 14:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net revenue grew 11.00 percent without treasury results. Deutsche Börse stock costs EUR 287.75 on October 5, 2026 versus EUR 288.25.

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Deutsche Börse (ISIN DE0005810055) was trading at EUR 287.75 at Lang & Schwarz on October 5, 2026 at 2:12 p.m. CEST, while Jefferies raised its target from EUR 280.00 to EUR 330.00 and kept a Buy rating on October 4, 2026. The target move puts earnings execution at the center of the next valuation debate.

Jefferies lifts the valuation bar

According to aktiencheck.de on October 5, 2026, analyst Tom Mills cited strong trading volumes and financial-market volatility, but said further gains depended on company earnings. The report also said Deutsche Börse appeared fairly valued, making the EUR 330.00 target a test of profit delivery rather than a simple volume trade.

The reference price stood EUR 4.25 below the new target, a 1.30 percent gap calculated against EUR 330.00. That comparison gives investors a concrete measure of the upside implied by the analyst action, while the Buy rating remains unchanged.

First-half growth broadens

In the second quarter of 2026, Deutsche Börse reported 9.00 percent net revenue growth without the treasury result and 13.00 percent EBITDA growth on the same basis. For the first half of 2026, net revenue rose 11.00 percent and EBITDA increased 16.00 percent without treasury results, according to the Yahoo Finance transcript.

Management also reported a 61.00 percent EBITDA margin for the first half of 2026 and said the treasury result should exceed EUR 0.7 billion for fiscal year 2026. Total net revenue is expected to exceed EUR 6.4 billion, while all-in EBITDA is expected to exceed EUR 3.8 billion. The combination of double-digit core growth and a higher treasury contribution explains why the analyst target now depends on execution across several business lines.

Results date sets the next test

Deutsche Börse will publish its third-quarter 2026 results on October 20, 2026, followed by its analyst and investor conference on October 21, 2026, according to the company's Investor Relations page. The upcoming report will show whether normalized activity can sustain the first-half growth rates that underpin the higher valuation.

Stock remains near its yearly high

Deutsche Börse stock was trading at EUR 287.75 at Lang & Schwarz on October 5, 2026 at 2:12 p.m. CEST, down 0.17 percent versus the Lang & Schwarz prior close of EUR 288.25 on October 2, 2026. The price remained within the EUR 200.10 to EUR 291.80 52-week range as of October 5, 2026.

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