Mercedes-Benz stock falls 1.09 percent as targets are cut

Published on 09/29/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg cut its Mercedes-Benz target from EUR 56.00 to EUR 52.00, while the stock traded near its 52-week low. Q2 EBIT rose 22 percent year over year.

Schwarze markenfreie Luxuslimousine fährt bei Sonnenuntergang auf Küstenstraße mit Meeresblick — Schwarze Premium-Limousine auf kurvenreicher Küstenstraße bei Sonnenuntergang. Mercedes-Benz Group AG, ISIN DE0007100000, Illustration mit AI erstellt.

Mercedes-Benz stock (ISIN DE0007100000) was trading at EUR 40.98 at Lang & Schwarz on September 29, 2026 at 11:46 a.m. CEST, down 1.09 percent versus the Xetra close of EUR 41.43 on September 28, 2026. The move keeps the share close to its 52-week low of EUR 40.87, while China remains the central pressure point for the outlook.

Analysts lower the target

Boersennews reports that Berenberg cut its Mercedes-Benz price target from EUR 56.00 to EUR 52.00 and kept its Hold rating. The revised target stands 26.89 percent above the Lang & Schwarz price, but the gap does not erase the market concern over weaker demand and competition in China.

Bernstein kept a Market-Perform rating and a EUR 56.00 target, according to Finanzen.net. The split between a EUR 52.00 and EUR 56.00 target shows that analysts still see valuation potential, while their ratings reflect execution risks rather than a clear earnings rebound.

Q2 shows resilience and pressure

In Q2 2026, Mercedes-Benz reported group revenue of EUR 32.0 billion and EBIT of EUR 1.5 billion, 22 percent above the prior year, according to the Yahoo Finance transcript of the Q2 2026 earnings call. Free cash flow reached EUR 1.1 billion in the quarter, giving the group room to continue shareholder returns despite a difficult market backdrop.

Mercedes-Benz Cars delivered adjusted EBIT of EUR 900 million and an adjusted return on sales of 4.00 percent in Q2 2026. Management confirmed adjusted return on sales guidance of 3.00-5.00 percent for fiscal year 2026, while raising full-year xEV share guidance to 23.00-25.00 percent and expecting sales slightly below the 2025 level.

Next results arrive October 28

The company lists October 28, 2026, for its Q3 2026 interim report and analyst conference call on its Mercedes-Benz investor-relations page. For investors, the next report will test whether new model launches and cost measures can offset the China-related pressure already reflected in the reduced analyst targets.

Mercedes-Benz stock near yearly low

Mercedes-Benz stock was trading at EUR 40.98 at Lang & Schwarz on September 29, 2026 at 11:46 a.m. CEST, down 1.09 percent versus the Xetra close of EUR 41.43 on September 28, 2026. The company is scheduled to report its Q3 2026 results on October 28, 2026.