MTU Aero Engines stock gains as Bernstein keeps 450 euro target

Published on 09/23/2026 at 14:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MTU Aero Engines stock closed at EUR 358.70 on September 22, 2026, up 2.43 percent. Bernstein kept its Outperform rating and EUR 450 target.

Fotorealistisches Turbofan-Triebwerk unter einem Flugzeugflügel in einer industriellen Wartungshalle; Techniker in blauer Arbeitskleidung laufen neben Gerüsten, warmes Deckenlicht spiegelt sich im polierten Triebwerksgehäuse — Fotorealistisches Turbofan-Triebwerk an Verkehrsmaschine in Wartungshalle. MTU Aero Engines AG, ISIN DE000A0D9PT0, Illustration mit AI erstellt.

MTU Aero Engines stock (ISIN DE000A0D9PT0) closed at EUR 358.70 on Xetra on September 22, 2026, after gaining 2.43 percent. The immediate market catalyst was Bernstein's decision on September 23, 2026, to keep its Outperform rating and EUR 450 price target.

Bernstein keeps EUR 450 target

According to Der Aktionaer on September 23, 2026, Bernstein Research maintained its Outperform rating and EUR 450 target. That target stands EUR 91.30 above the September 22 closing price, equivalent to 25.45 percent based on the cited closing level.

The rating was unchanged rather than upgraded, but the target leaves a clearly quantified gap between the market price and Bernstein's valuation. A separate September 23, 2026 report from IT Boltwise said Bernstein expects to update estimates around the company's capital markets day at the end of November 2026.

Profit and cash flow drive the view

Bernstein analysts wrote on September 23, 2026, that MTU's profit margins and cash flow should perform much better than expected, according to TradingView. The statement provides the operating rationale behind the unchanged rating and EUR 450 target.

For scale, MTU's 2025 revenue was EUR 8,716 million and net income was EUR 1,016 million, according to the company data displayed by Reuters. Revenue therefore exceeded the EUR 7,488 million recorded for 2024 by EUR 1,228 million, or 16.4 percent, while net income increased from EUR 633 million by EUR 383 million, or 60.5 percent.

Next results arrive October 29

The next scheduled reporting date shown in the September 23, 2026 market overview is October 29, 2026, for third-quarter 2026 results, according to MarketScreener. That date is the next concrete checkpoint for testing whether the expected margin and cash flow improvement is visible in reported figures.

MTU stock remains below target

MTU Aero Engines stock closed at EUR 358.70 on Xetra on September 22, 2026, with the 2.43 percent daily gain recorded in the cited session data. Bernstein's EUR 450 target and the October 29, 2026 results date frame the two measurable reference points for the shares.