Erste, AT0000652011

Keefe Bruyette cuts Erste Group stock rating and lifts target to EUR 126

Published on 10/26/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Keefe Bruyette moved Erste Group to Market Perform on October 22, 2026. Erste Group stock costs EUR 105.15, 1.49 percent above the Xetra close.

Analyst shift and earnings calendar

Keefe Bruyette changed its rating on October 22, 2026, while raising its target from EUR 124.00 to EUR 126.00.
Second-quarter 2026 revenue reached EUR 3.88 billion and net income EUR 1.10 billion.
Erste stock trades at EUR 105.15 at 9:31 a.m. CET at Lang & Schwarz on October 26, 2026, 1.49 percent above the Xetra close of October 23, 2026.

Erste, AT0000652011, Illustration mit AI erstellt.

Erste Group Bank AG (ISIN AT0000652011) was trading at EUR 105.15 at Lang & Schwarz on October 26, 2026 at 9:31 a.m. CET, up 1.49 percent versus the Xetra close of October 23, 2026 at EUR 103.60. The latest stock-specific catalyst is an analyst downgrade paired with a higher price target.

Rating changes as target rises

Keefe Bruyette & Woods downgraded Erste Group from Outperform to Market Perform on October 22, 2026, while raising its target from EUR 124.00 to EUR 126.00, according to Zonebourse. The change leaves the target EUR 20.85 above the Lang & Schwarz price, equivalent to 19.83 percent above it.

The broader analyst picture remains constructive but includes execution risk. Barclays raised its target from EUR 135.00 to EUR 136.00 and kept an Overweight rating on October 19, 2026, according to finanzen.at. That target is EUR 30.85 above the current euro quote.

Three dates show the expansion path

On July 30, 2026, Erste reported second-quarter revenue of EUR 3.88 billion, up 39 percent from the second quarter of 2025, while net income rose 19 percent to EUR 1.10 billion, according to Simply Wall St. On September 25, 2026, the bank planned an offer for up to 26 percent more of Erste Bank Polska, as listed by MarketScreener. On October 22, 2026, Keefe Bruyette & Woods changed its rating and lifted the target to EUR 126.00, according to Zonebourse.

What does Poland mean for earnings?

The Polish expansion gives the next results release a concrete test. Second-quarter net income of EUR 1.10 billion was 19 percent higher year over year, but the reported profit margin fell to 28 percent from 33 percent because expenses increased, according to Simply Wall St. For investors, the key issue is whether the larger Polish platform can support earnings growth without extending that margin pressure.

The next scheduled company date is October 30, 2026, when Erste is due to publish third-quarter results at 7:30 a.m., followed by a webcast at 9:00 a.m., according to the Erste Group investor-relations page. The fiscal year 2026 final results are scheduled for March 10, 2027, according to Simply Wall St.

Stock trades above the Xetra close

Erste stock was trading at EUR 105.15 at Lang & Schwarz on October 26, 2026 at 9:31 a.m. CET, 1.49 percent above the Xetra close of October 23, 2026 at EUR 103.60. The stock's 52-week range is EUR 82.65 to EUR 126.60, while market capitalization stands at EUR 40.9 billion.

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