Mercedes stock: Jefferies cuts target for Mercedes stock from EUR 52 to EUR 46

Published on 10/20/2026 at 15:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mercedes schedules results on October 28, 2026. Mercedes stock costs EUR 41.11 on October 20, 2026, 0.91 percent above the Xetra close.

Analyst target and earnings date

Jefferies cut its Mercedes-Benz target from EUR 52.00 to EUR 46.00 on October 11, 2026.
Mercedes-Benz is scheduled to publish third-quarter results on October 28, 2026, after third-quarter volumes fell 8.00 percent including China.
Mercedes stock costs EUR 41.11 at Lang & Schwarz on October 20, 2026 at 3:30 p.m. CEST, 0.91 percent above the Xetra close of EUR 40.74.
The company has a EUR 39.3 billion market capitalization and a price-to-earnings ratio of 7.82.

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Jefferies cut its Mercedes-Benz price target from EUR 52.00 to EUR 46.00 on October 11, 2026, while keeping its Buy rating, according to DER AKTIONÄR. The revised target stands 11.89 percent above the EUR 41.11 Lang & Schwarz price. Mercedes stock was trading at EUR 41.11 at Lang & Schwarz on October 20, 2026 at 3:30 p.m. CEST, 0.91 percent above the Xetra close of EUR 40.74.

China keeps the earnings date central

Mercedes-Benz is scheduled to publish third-quarter results on October 28, 2026, according to the company's Mercedes-Benz Group investor-relations page. That date gives the target cut an immediate test: the company must show how sales and margins developed through the quarter.

Morningstar reported on October 20, 2026 that Mercedes-Benz volumes fell 8.00 percent in the third quarter including China, while volumes excluding China rose 1.00 percent. The same review said top-end volumes declined 21.00 percent versus core and entry volumes, making regional mix a key issue for the results release.

Where the stock sits in the range

The EUR 41.11 Lang & Schwarz price is EUR 2.22 above the 52-week low of EUR 38.89 and EUR 21.23 below the 52-week high of EUR 62.34, both as of October 20, 2026. The quoted market capitalization is EUR 39.3 billion, and the price-to-earnings ratio is 7.82.

What does the target cut mean?

Jefferies' EUR 46.00 target leaves 11.89 percent upside from the Lang & Schwarz price, but its reduction from EUR 52.00 shows that the analyst's valuation has become more cautious. The next concrete test is the October 28, 2026 results release, rather than another scheduled date.

Comparison with peers

Mercedes-Benz: plus 0.91 percent versus the Xetra close, price-to-earnings ratio 7.82, market capitalization EUR 39.3 billion.

BMW: plus 0.42 percent, price-to-earnings ratio 5.50, market capitalization EUR 34.2 billion.

Volkswagen: minus 0.69 percent, price-to-earnings ratio 6.60, market capitalization EUR 34.6 billion.

Target and results now set the test

For investors, the October 28 report will determine whether the regional sales gap can be contained without a sharper reset to earnings expectations. The valuation remains below the recent high, while the Jefferies target still sits above the current euro price.

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