UBS starts coverage of Cancom stock with EUR 26.00 target
Published on 10/05/2026 at 15:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cancom (ISIN DE0005419105) was trading at EUR 22.48 at Lang & Schwarz on October 5, 2026, down 0.09 percent versus the prior close of EUR 22.50. According to FinanzNachrichten.de on September 25, 2026, UBS initiated coverage with a Buy rating and an EUR 26.00 price target.
Two targets frame the valuation
The UBS target lies 15.66 percent above the Lang & Schwarz price, using EUR 26.00 and EUR 22.48 as the comparison values. UBS analyst Olivier Calvet also expects Cancom to deliver average earnings growth of more than 20.00 percent per year through 2028, according to the September 25 report.
The counterpoint came from Berenberg. FinanzNachrichten.de reported on September 25, 2026, that Berenberg kept its Hold rating and EUR 25.00 target. That target lies 11.21 percent above the Lang & Schwarz price, leaving the two published targets on the same side of the current quote but with different ratings.
Profitability improves before results
Quartr summarized Cancom's investor presentation on September 22, 2026. Revenue reached EUR 775.9 million in the first half of 2026, down 3.50 percent year over year, while EBITDA rose 34.00 percent to EUR 49.2 million and the EBITDA margin improved to 6.30 percent.
The second-quarter comparison was stronger on profitability: EBITDA increased 41.40 percent year over year to EUR 22.2 million, with the margin reaching 6.00 percent. The figures point to a widening gap between sales momentum and earnings quality, making margin delivery the key test for the next company update.
November supplies the next date
CANCOM's investor-relations calendar lists a financial update for November 12, 2026, covering the period ended September 30, 2026, according to the CANCOM investor-relations page. The EUR 643.8 million market capitalization as of October 5, 2026 puts the analyst debate against a mid-cap technology-services valuation.
Cancom stock holds above its prior close
Cancom stock was trading at EUR 22.48 at Lang & Schwarz on October 5, 2026 at 3:07 p.m. CEST, down 0.09 percent versus the October 2 prior close of EUR 22.50. The current quote sits between the UBS and Berenberg targets, while the latest reported figures show profitability advancing faster than revenue.
The further course of trading is shown by the continuously updated real-time quote of Cancom stock.
Cancom stock facts
- Company: Cancom SE
- ISIN: DE0005419105
- WKN: 541910
- Ticker: COK
- Primary exchange: Xetra
- Price Lang & Schwarz as of October 5, 2026 at 3:07 p.m. CEST: EUR 22.48
- Change versus prior close: minus 0.09 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 22.50
- Market capitalization: EUR 643.8 million as of October 5, 2026
- Sector / Industry: Technology / IT services
- Next earnings date: November 12, 2026
