United Internet stock fell 1.93 percent as Goldman trimmed its target

Published on 09/29/2026 at 08:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

United Internet stock was last at EUR 25.34 on Xetra on September 28, 2026, after Goldman Sachs cut its target to EUR 34.20. The 2026 outlook remains unchanged.

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United Internet stock (ISIN DE0005089031) was last at EUR 25.34 on Xetra on September 28, 2026 at 5:35 p.m. CEST, down 1.93 percent from the prior close of EUR 25.84. The latest analyst update kept a Buy rating but lowered the price target, leaving the 2026 guidance as the central test for the shares.

Goldman trims its price target

According to finanzen.ch on September 28, 2026, Goldman Sachs reduced its United Internet price target from EUR 34.40 to EUR 34.20 while retaining its Buy rating. The bank cited small estimate changes against the background of restructuring programs at subsidiaries 1&1 and IONOS.

The target revision is modest in absolute terms, but it puts the stock's valuation debate against a clear operational counterpoint. United Internet still has to absorb EUR 95 million of one-off restructuring expenses in fiscal year 2026, while the programs are intended to generate annual savings of EUR 55 million after implementation.

Guidance stays at EUR 6.25 billion

The corrected September 11, 2026 announcement from finanzen.net states that United Internet continues to expect EUR 6.25 billion in 2026 revenue, EUR 1.45 billion in operating EBITDA and cash capital expenditure of EUR 600 million to EUR 650 million. The same announcement says the restructuring charge will be reported as a special item and will not affect operating EBITDA guidance.

That combination creates a two-sided earnings picture. The EUR 95 million charge weighs on reported earnings in fiscal year 2026, while the EUR 55 million annual savings target supports the operating case from 2027 onward. Investors therefore have a measurable cost burden and a measurable efficiency target to track.

Management transition adds a date

According to EQS News, United Internet announced on September 24, 2026 that André Driesen will become chief financial officer on November 1, 2026. Carsten Theurer will leave the role when his contract ends on December 31, 2026, making the management handover another dated point for the stock.

United Internet stock stays below its high

United Internet stock was last at EUR 25.34 on Xetra on September 28, 2026 at 5:35 p.m. CEST. Its 52-week range was EUR 22.24 to EUR 30.22, while market capitalization stood at EUR 4.4 billion and session volume reached 110,077 shares.