MTU Aero Engines stock carries a EUR 450 Bernstein targeting view?

Published on 10/05/2026 at 17:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MTU Aero Engines stock carries a EUR 450 Bernstein target after the October 1, 2026 update. Seven analysts set an average target of EUR 425.71.

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MTU Aero Engines stock was trading at EUR 371.20 on Xetra on October 5, 2026 at 10:20 a.m. CEST, up 0.27 percent from the previous close. The immediate catalyst is Bernstein Research, which kept its Outperform rating and EUR 450 target on October 1, 2026.

Bernstein keeps EUR 450 target

According to finanzen.net on October 1, 2026, Bernstein described MTU as one of the cheaper names in aerospace and defense while retaining the EUR 450 target. The target lies 21.2 percent above the Xetra price of EUR 371.20, using the same trading reference.

Bernstein's valuation argument centers on a possible move in MTU's price-to-earnings ratio from 14 toward Airbus at 16, while remaining below Safran at 19 and Rolls-Royce at 23, according to finanzen.net. The comparison makes cash generation and margin durability the key tests behind the rating.

Q2 revenue reaches EUR 2.44 billion

MTU's second-quarter 2026 revenue was EUR 2.44 billion, up 17 percent from the second quarter of 2025, while net income was EUR 230.0 million and earnings per share reached EUR 4.42, according to Simply Wall St. Revenue growth therefore outpaced profit growth in the quarter, leaving the earnings mix important for the next update.

The 2026 outlook calls for revenue of EUR 9.2 billion to EUR 9.7 billion and adjusted EBIT of EUR 1.35 billion to EUR 1.45 billion, as reported by Simply Wall St on October 4, 2026. That range puts execution in engine programs and maintenance services ahead of pure demand as the central operating variable.

Analyst targets remain divided

A September 30, 2026 survey from finanzen.ch counted seven analysts: five Buy ratings, one Hold and one Sell. Their average target was EUR 425.71, with individual targets ranging from EUR 320.00 to EUR 460.00, so the consensus is constructive but not uniform.

MTU stock trades at EUR 371.20

MTU stock was last at EUR 371.20 on Xetra on October 5, 2026 at 10:20 a.m. CEST, with 6,582 shares traded and a market capitalization of EUR 20.0 billion. The price was EUR 0.99 above the previous close of EUR 370.20.