UBS cuts Besi stock target from EUR 370 to EUR 159

Published on 10/08/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Besi stock costs EUR 175.45 on October 8, 2026 after EUR 176.08, minus 0.36 percent. Third-quarter results are due October 22, 2026.

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Besi (ISIN NL0012866412) was trading at EUR 175.45 at Lang & Schwarz on October 8, 2026 at 11:08 a.m. CEST, minus 0.36 percent versus the prior close of EUR 176.08. On October 7, 2026, UBS downgraded Besi from Buy to Sell and cut its price target from EUR 370.00 to EUR 159.00, according to Investing.com.

UBS resets the adoption debate

UBS said the central risk is timing rather than product quality. Its estimate for hybrid-bonding revenue in 2030 is EUR 424.00 million, compared with EUR 936.00 million implied by the market, according to Investing.com. The gap is EUR 512.00 million, making adoption speed the key valuation question.

Bank of America had already downgraded Besi from Buy to Neutral on October 6, 2026 and lowered its target from EUR 401.00 to EUR 212.00, the same Investing.com report said.

Second-quarter growth was substantial

Besi delivered EUR 249.90 million of revenue in the second quarter of 2026, up 68.70 percent from the same quarter of 2025. Orders reached EUR 292.90 million, up 128.80 percent year over year, while net income rose 177.30 percent to EUR 89.00 million, according to Simply Wall St. The comparison matters because it shows that the current debate is about the durability of growth, not the direction of the latest quarter.

Results arrive on October 22

Besi is scheduled to publish its third-quarter 2026 results on October 22, 2026, according to Marketscreener. The report will give investors a fresh test of order momentum and the pace of hybrid-bonding adoption.

Stock remains below its yearly high

Besi had a market capitalization of EUR 13.9 billion as of October 8, 2026. Its 52-week range was EUR 120.15 to EUR 328.40, placing the Lang & Schwarz price EUR 152.95, or 46.57 percent, below the yearly high. The company is listed on Euronext Amsterdam under ticker BESI and operates in semiconductor equipment and testing.

At Lang & Schwarz, Besi was trading at EUR 175.45 on October 8, 2026 at 11:08 a.m. CEST, minus 0.36 percent versus the prior close of EUR 176.08. The further course of trading is shown by the continuously updated real-time quote of Besi stock.