Parmantier sets EUR 59.00 target for BASF stock

Published on 10/07/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BASF reported EUR 17.21 billion revenue in the second quarter of 2026. BASF stock costs EUR 51.48 on October 7, 2026 after EUR 50.73.

Fotorealistische Chemieanlage mit Rohrleitungen und Cracker-Türmen unter blauem Himmel — BASF SE (ISIN DE000BASF111) betreibt riesige Chemieanlagen mit Rohrleitungs-Clustern im markanten Verbund-Produktionsstil weltweit, Illustration mit AI erstellt.

BASF stock (ISIN DE000BASF111) was trading at EUR 51.48 at Lang & Schwarz on October 7, 2026 at 10:32 a.m. CEST, up 1.48 percent versus the prior close of EUR 50.73. On October 6, 2026, Parmantier & Cie. assigned BASF a Buy rating and a six-month target of EUR 59.00, according to EQS News.

Target points above the market

The EUR 59.00 target stands 14.61 percent above the Lang & Schwarz price of EUR 51.48. The report, titled European Chemicals: The 2027 Cycle, covers 76 content pages and frames BASF within a sector shaped by restructuring, operating leverage, capacity changes and selective consolidation, EQS News reported on October 6, 2026.

For investors, the comparison is more demanding than the headline target suggests. BASF stock stood EUR 3.57 below the target, while the current price was EUR 3.57 below the upper end of the EUR 41.48 to EUR 55.05 52-week range midpoint calculation is not used here; the relevant market comparison is the 6.49 percent distance below the 52-week high.

Revenue gives the next test

BASF reported EUR 17.21 billion revenue in the second quarter of 2026, versus a EUR 16.37 billion forecast, according to Investing.com. The EUR 0.84 billion difference represents revenue 5.13 percent above that forecast, giving the analyst target a recent operating reference rather than a purely technical argument.

The next reporting milestone is October 28, 2026. BASF lists written information for the third quarter of 2026 from 7:00 a.m. Central European Time on that date in its investor calendar, while the company profile identifies Chemicals as its industry and Basic Materials as its sector.

Evonik adds strategic uncertainty

BASF confirmed exploratory talks with RAG-Stiftung and Evonik regarding a potential takeover on September 25, 2026, according to BASF. The company said the course and outcome remained open, so the transaction is a strategic option rather than a completed deal.

That distinction matters beside the EUR 59.00 target. Parmantier & Cie. described selective consolidation as one theme of the chemical sector, while BASF's own release emphasized disciplined acquisition decisions and regulatory disclosure requirements.

Stock remains below yearly high

BASF stock was trading at EUR 51.48 at Lang & Schwarz on October 7, 2026 at 10:32 a.m. CEST, plus 1.48 percent versus the Lang & Schwarz prior close of EUR 50.73 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of BASF stock.