Jefferies raises target for Dormakaba stock from CHF 70 to CHF 82

Published on 10/05/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies lifts Dormakaba stock target to CHF 82 from CHF 70. It costs EUR 68.05 on October 5, 2026 versus EUR 66.85, plus 1.80 percent.

Schwarzweiß-Reportagefoto eines Technikers bei der Montage eines Türschließzylinders — Dormakaba Holding AG (CH0011795959) illustriert in Schwarzweiß-Reportage die präzise Montage eines Schließzylinders durch einen Techniker, Illustration mit AI erstellt.

Dormakaba (ISIN CH1486524122) was trading at EUR 68.05 at Lang & Schwarz on October 5, 2026 at 10:40 a.m. CEST, up 1.80 percent versus the prior close of EUR 66.85. On September 28, 2026, Investing.com reported that Jefferies upgraded the stock from Hold to Buy and raised its price target from CHF 70 to CHF 82.

Jefferies sees margin potential

The target increase gives the latest market view a clear numerical anchor. Investing.com said Jefferies expects adjusted EBITDA margins to reach 18.00 percent by fiscal 2028/29, compared with 16.10 percent in fiscal 2025/26.

Jefferies also identified execution as the key risk, particularly if Dormakaba's United States growth strategy takes longer to deliver. The brokerage expects the company to use its ownership simplification plan to improve transparency and potentially support future capital returns.

Revenue reached CHF 2.79 billion

For fiscal 2025/26, Dormakaba reported revenue of CHF 2.79 billion and organic growth of 3.00 percent, according to Investing.com. The growth was at the bottom of the company's 3.00 percent to 5.00 percent guidance range, while pricing added 2.60 percentage points and volume added 0.40 percentage points.

The same report put restructuring savings at CHF 235 million, above the CHF 170 million target. Separately, dormakaba said on September 15, 2026 that it had signed an agreement to acquire Alliants, whose guest-experience technology supports more than 100,000 hotel rooms.

October vote sets the next date

Shareholders are scheduled to vote on the ownership restructuring at the annual general meeting on October 20, 2026. The capital markets day is scheduled for November 18, 2026, when management is expected to discuss margin targets and capital returns, as reported by Investing.com.

EUR 68.05 in trading

Dormakaba stock was trading at EUR 68.05 at Lang & Schwarz on October 5, 2026 at 10:40 a.m. CEST, plus 1.80 percent versus the prior close of EUR 66.85. The further course of trading is shown by the continuously updated real-time quote of Dormakaba stock.