UBS keeps EUR 10.00 target for Lufthansa stock

Published on 10/20/2026 at 11:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lufthansa won selection for 44.9 percent of TAP on October 14, 2026. Lufthansa stock costs EUR 7.03 on October 20, 2026, 0.99 percent below Xetra close.

Analyst view and operating scale

Portugal selected Lufthansa for a 44.9 percent TAP stake on October 14, 2026.
The EUR 1.025 billion stake value equals 9.20 percent of second-quarter revenue of EUR 11.14 billion.
Lufthansa stock trades at EUR 7.03 at 11:03 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.99 percent below the Xetra close of October 19, 2026.

Glasfassade eines modernen Flughafenterminals mit geschwungenem Dach — Modernes Architektur-Render eines Flughafenterminals veranschaulicht Infrastruktur der Deutsche Lufthansa AG, ISIN DE0008232125, Betrieb, Illustration mit AI erstellt.

Lufthansa (ISIN DE0008232125) retained a EUR 10.00 target and Buy rating from UBS on October 19, 2026, according to wallstreetONLINE. At 11:03 a.m. CEST on October 20, Lufthansa stock was trading at EUR 7.03 at Lang & Schwarz, 0.99 percent below the Xetra close of October 19 at EUR 7.10. The analyst view puts the upcoming TAP transaction and third-quarter results at the center of the near-term debate.

TAP expands Lufthansa's reach

Portugal selected Lufthansa for a 44.9 percent stake in TAP on October 14, 2026, at a reported value of EUR 1.025 billion, according to TradingView. The agreement can rise to 49.9 percent and requires regulatory approval, while the closing is planned by the first half of 2028. The transaction broadens Lufthansa's position in the Portuguese carrier and strengthens its exposure to Latin American routes.

What does the TAP move mean for margins?

The transaction's scale is material beside the latest reported quarter. Lufthansa generated EUR 11.14 billion of revenue and EUR 130.00 million of net income in the second quarter of 2026, while adjusted earnings per share were EUR 0.10, according to Simply Wall St. The EUR 1.025 billion TAP value equals 9.20 percent of that quarterly revenue, giving investors a concrete scale comparison before integration costs and operating benefits are reflected in results.

Three milestones set the timeline

Lufthansa reported second-quarter revenue of EUR 11.14 billion on August 4, 2026; Portugal selected the 44.9 percent TAP stake on October 14, 2026; and UBS kept its EUR 10.00 target on October 19, 2026, with the three events documented by Simply Wall St, TradingView and wallstreetONLINE.

Results date comes next

Lufthansa is scheduled to present its third-quarter 2026 results on November 3, 2026, according to finanzen.ch. The same date is identified as the next catalyst in the UBS analysis, while the TAP closing is planned for the first half of 2028, according to wallstreetONLINE.

Stock trades below its Xetra close

Lufthansa stock was trading at EUR 7.03 at Lang & Schwarz on October 20, 2026 at 11:03 a.m. CEST, down 0.99 percent versus the Xetra close of October 19, 2026 at EUR 7.10. The primary Xetra listing had a 52-week range of EUR 6.72 to EUR 10.29, while the market capitalization stood at EUR 8.5 billion as of October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of Lufthansa stock.