Volkswagen stock: Jefferies keeps EUR 120.00 target for Volkswagen stock

Published on 10/23/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Operating profit was EUR 5.90 billion in first-half 2026. Volkswagen stock costs EUR 68.69 on October 23, 2026, 0.99 percent below Xetra close.

Jefferies keeps target unchanged

Jefferies kept its EUR 120.00 target and Buy rating on October 14, 2026.
Volkswagen reported EUR 5.90 billion in operating profit for the first half of 2026.
Volkswagen stock costs EUR 68.69 at Lang & Schwarz on October 23, 2026 at 3:41 p.m. CEST, 0.99 percent below the Xetra close of October 22, 2026.
Volkswagen Group plans to publish nine-month results on October 29, 2026.

Isometrisches 3D-Diorama eines Fließbands mit Autos und Roboterarmen — Volkswagen AG Vz (DE0007664039) – Isometrisches Low-Poly-Diorama zeigt Fließband mit Karossen und Roboterarmen, Illustration mit AI erstellt.

Jefferies kept its Buy rating and EUR 120.00 target for Volkswagen AG on October 14, 2026, according to MarketScreener. The target lies 74.70 percent above the EUR 68.69 price at Lang & Schwarz on October 23, 2026 at 3:41 p.m. CEST, which stood 0.99 percent below the Xetra close of October 22, 2026.

First-half profit fell

Volkswagen Group reported EUR 158.10 billion in revenue for the first half of 2026, down 0.19 percent from EUR 158.40 billion in the first half of 2025. Operating profit came to EUR 5.90 billion, 11.60 percent below EUR 6.70 billion a year earlier, while the operating margin was 3.80 percent, according to Volkswagen Group.

Stock stays near its yearly low

The current price is 4.20 percent above the 52-week low of EUR 65.92 and 37.06 percent below the 52-week high of EUR 109.15, both as of October 23, 2026 at 3:41 p.m. CEST. Volkswagen AG had a market capitalization of EUR 34.4 billion and trading volume of 330,024 shares at that time.

What does the EUR 120.00 target imply?

The valuation gap is wide even though Volkswagen's price-to-earnings ratio was 6.57 on October 23, 2026. The next scheduled company date is October 29, 2026, when Volkswagen Group plans to publish its January-to-September 2026 report, as stated on its investor page.

Comparison with peers

Volkswagen AG: down 0.99 percent, price-to-earnings ratio 6.57, market capitalization EUR 34.4 billion.

BMW (Xetra, EUR): up 0.52 percent, price-to-earnings ratio 5.57, market capitalization EUR 34.6 billion.

Mercedes-Benz Group (Xetra, EUR): down 1.34 percent, price-to-earnings ratio 7.81, market capitalization EUR 39.2 billion.

Target and reporting date set the frame

Jefferies' unchanged EUR 120.00 target provides the clearest valuation reference in the latest analyst coverage, while the first-half figures show why the upcoming report matters for margin and earnings trends.

Volkswagen stock was trading at EUR 68.69 at Lang & Schwarz on October 23, 2026 at 3:41 p.m. CEST, 0.99 percent below the Xetra close of October 22, 2026 at EUR 69.38. The further course of trading is shown by the continuously updated real-time quote of Volkswagen stock.