RBC raises Rational stock target to EUR 700 after upgrade

Published on 10/15/2026 at 11:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rational revenue was EUR 1,194.0 million in fiscal year 2024. Rational stock is EUR 604.75, 0.78 percent below its Xetra close on October 15, 2026.

Analyst view and operating record

RBC changed its rating to Outperform on October 9, 2026.
Rational reported EUR 1,194.0 million in revenue and a 26.00 percent EBIT margin in fiscal year 2024.
Rational stock trades at EUR 604.75 at 11:05 a.m. CEST at Lang & Schwarz on October 15, 2026, 0.78 percent below the Xetra close of October 14, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte und Küchenwerkzeugen aus Edelstahl — Rational AG (DE0007010803) wird im Flatlay durch Aktienzertifikat, ISIN-Karte und Edelstahl-Küchenutensilien symbolisiert, Illustration mit AI erstellt.

Rational (ISIN DE0007010803) stock is the subject of a renewed RBC Capital Markets upgrade, with the price target rising from EUR 680.00 to EUR 700.00 on October 9, 2026. According to Yahoo Finance, RBC changed its rating from Sector Perform to Outperform. Rational stock was trading at EUR 604.75 at Lang & Schwarz on October 15, 2026 at 11:05 a.m. CEST, down 0.78 percent versus the Xetra close of October 14, 2026 at EUR 609.50.

RBC sees valuation support

RBC tied the upgrade to a smaller valuation premium for Rational compared with European industrial companies. Its new EUR 700.00 target is EUR 20.00 above the previous target, a 2.94 percent increase. The target also stands 15.73 percent above the Lang & Schwarz price, calculated against EUR 604.75.

The analyst case includes a 2026 revenue forecast of EUR 1.34 billion and adjusted earnings per share of EUR 24.58, according to Yahoo Finance. RBC expects revenue growth of 7 percent to 9 percent in the third quarter and an operating margin of 24 percent to 25 percent, citing ramp-up costs in China and for the iHexagon as well as cost inflation.

What supports the premium?

Rational's operating record gives the valuation debate a measurable base. The company's investor-relations page reports fiscal-year 2024 revenue of EUR 1,194.0 million, EBIT of EUR 314.0 million and an EBIT margin of 26.00 percent. The figures were published by RATIONAL AG and provide historical context for the margin outlook.

Stock remains below the high

The share price is EUR 171.75 below its 52-week high of EUR 776.50 and EUR 51.25 above its 52-week low of EUR 553.50, based on the same October 15, 2026 market snapshot. For investors, the next test is whether the forecast 24 percent to 25 percent third-quarter operating margin can support RBC's higher valuation framework.

Rational stock was trading at EUR 604.75 at Lang & Schwarz on October 15, 2026 at 11:05 a.m. CEST, 0.78 percent below the Xetra close of October 14, 2026 at EUR 609.50. The further course of trading is shown by the continuously updated real-time quote of Rational stock.