Morgan Stanley raises target for Continental stock to EUR 78.00
Published on 10/06/2026 at 09:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Morgan Stanley raised its Continental target from EUR 62.00 to EUR 78.00 and upgraded the rating to Overweight on October 5, 2026, according to stock3. Continental stock was trading at EUR 69.46 at Lang & Schwarz on October 6, 2026 at 9:06 a.m. CEST, up 0.52 percent versus the prior close of EUR 69.10.
Target rises as tires take center stage
The analyst case centers on Continental's transition toward a tire-focused business after the planned sale of ContiTech. Morgan Stanley cited margin potential in the Americas, possible distributions of EUR 3.00 billion and a valuation discount to Michelin, according to stock3.
The target of EUR 78.00 stands EUR 8.54 above the Lang & Schwarz price. The comparison gives the market a clear test of whether stronger tire margins can offset softer volumes and the costs of reshaping the group.
Q2 margin improves despite lower sales
In the second quarter of 2026, Continental reported group sales of EUR 4.40 billion versus EUR 4.90 billion in the second quarter of 2025. At the same time, adjusted EBIT rose to EUR 570.00 million, and the adjusted EBIT margin improved from 9.60 percent to 12.90 percent, according to Yahoo Finance.
The Tires segment supplied the operating lift: its adjusted EBIT margin reached 15.30 percent in the second quarter of 2026. Continental also reported adjusted free cash flow of EUR 216.00 million for that period, compared with negative EUR 46.00 million in the second quarter of 2025, according to Yahoo Finance.
November results set the next test
For continued operations, management guided to sales of EUR 13.20 billion to EUR 14.20 billion and an adjusted EBIT margin of 12.00 percent to 13.50 percent for 2026. The range places execution, raw-material costs and replacement-tire demand at the center of the next earnings debate.
Continental's investor-relations calendar schedules the third-quarter 2026 results for November 4, 2026, according to Continental. That date gives investors a defined checkpoint for the guidance range and for the company's new reporting structure.
Continental stock stays below its yearly high
Continental stock was trading at EUR 69.46 at Lang & Schwarz on October 6, 2026 at 9:06 a.m. CEST, with a prior close of EUR 69.10 and a daily gain of 0.52 percent. The 52-week range was EUR 53.10 to EUR 77.50 as of October 5, 2026, while market capitalization stood at EUR 13.8 billion.
The further course of trading is shown by the continuously updated real-time quote of Continental stock.
Continental stock facts
- Company: Continental AG
- ISIN: DE0005439004
- WKN: 543900
- Ticker: CON.DE
- Price Lang & Schwarz as of October 6, 2026, 9:06 a.m. CEST: EUR 69.46
- Change versus prior close: plus 0.52 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 69.10
- Market capitalization: EUR 13.8 billion as of October 5, 2026
- 52-week range: EUR 53.10-EUR 77.50 as of October 5, 2026
- Sector / Industry: Consumer Cyclical / Auto - Parts
- Next earnings date: November 4, 2026
