mwb keeps EUR 55 target for BASF stock before third-quarter results
Published on 10/20/2026 at 09:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst timetable
- On October 19, 2026, mwb Research kept its Hold rating and EUR 55.00 target.
- BASF's second-quarter adjusted EBITDA was EUR 2.45 billion.
- BASF stock trades at EUR 52.62 at 9:00 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.09 percent below the Xetra close of October 19, 2026.
BASF (ISIN DE000BASF111) is heading into its third-quarter results with an analyst target of EUR 55.00 and a current Lang & Schwarz price of EUR 52.62. On October 19, 2026, mwb Research reiterated its Hold rating and EUR 55.00 target, according to AskTraders.
mwb sees earnings normalizing
The research house expects third-quarter adjusted EBITDA of EUR 1.65 billion, compared with EUR 2.45 billion in the second quarter. Its estimate is 8.00 percent above consensus, while the full-year adjusted EBITDA estimate is EUR 7.80 billion, according to AskTraders.
What does cash flow mean?
Cash flow is the sharper test behind the earnings debate. mwb said BASF posted negative first-half free cash flow of EUR 1.60 billion and needs EUR 3.10 billion to EUR 3.90 billion in the second half to meet its unchanged 2026 guidance. Annualized cost savings reached EUR 2.00 billion against a year-end target of EUR 2.30 billion, according to AskTraders.
Three dated BASF developments
On September 25, 2026, BASF confirmed discussions about a possible Evonik takeover, according to BASF. On October 9, 2026, the company had repurchased 6,046,289 shares, as reported by Boerse Express. On October 19, 2026, mwb set its EUR 55.00 target while forecasting EUR 1.65 billion in adjusted EBITDA for the third quarter, according to AskTraders.
Dates set the next test
BASF's investor-relations calendar lists the third-quarter analyst and investor call for October 28, 2026, and the capital markets day for November 23 and November 24, 2026, according to BASF. The October report will show whether the second-quarter earnings strength can translate into cash generation.
Stock holds near EUR 53
At Lang & Schwarz, BASF was trading at EUR 52.62 on October 20, 2026 at 9:00 a.m. CEST, 0.09 percent below the Xetra close of October 19, 2026 at EUR 52.67. The quote was in the regular Xetra trading phase.
The further course of trading is shown by the continuously updated real-time quote of BASF stock.
BASF stock facts
- Company: BASF SE
- ISIN: DE000BASF111
- WKN: BASF11
- Ticker: BAS
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 20, 2026, 9:00 a.m. CEST): EUR 52.62
- Change versus Xetra close: minus 0.09 percent
- Xetra close (October 19, 2026): EUR 52.67
- Market capitalization: EUR 45.4 billion (as of October 19, 2026)
- 52-week range: EUR 41.48-55.05 (as of October 19, 2026)
- Sector / Industry: Basic Materials / Chemicals
- Index membership: DAX
- Next earnings date: October 28, 2026
Market context: Market report DAX.
