Warburg raises target for Knorr-Bremse stock to EUR 131.00

Published on 10/05/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was EUR 2.14 billion, operating EBIT EUR 305 million. Knorr-Bremse stock costs EUR 98.50 on October 5, 2026 after EUR 99.40.

Flatlay mit Aktienzertifikat, ISIN-Karte, Bremsscheibe und technischer Zeichnung — Flatlay-Arrangement mit Aktienzertifikat und ISIN-Karte symbolisiert Knorr-Bremse AG, Aktie mit ISIN DE000KBX1006 an Börse, Illustration mit AI erstellt.

Knorr-Bremse (ISIN DE000KBX1006) was trading at EUR 98.50 at Lang & Schwarz on October 5, 2026 at 10:36 a.m. CEST, while Warburg Research raised its price target from EUR 130.00 to EUR 131.00 on September 30, 2026. The change keeps a Buy rating in place and puts the analyst view above the current euro quotation.

Warburg lifts its target

According to finanzen.ch on September 30, 2026, Warburg Research cited improving profitability despite slow revenue development. Analyst Sebastian Ubert also said a visit to the IAA commercial vehicle show reinforced the positive assessment.

The target change is modest at EUR 1.00, but it matters because the new EUR 131.00 target stands EUR 32.50 above the Lang & Schwarz price. That is a 24.81 percent gap, calculated against EUR 98.50, while the prior close was EUR 99.40.

Margins lead the operating picture

Knorr-Bremse's investor-relations page lists second-quarter 2026 revenue of EUR 2.14 billion, operating EBIT of EUR 305.00 million and free cash flow of EUR 294.00 million. The operating figures give the valuation debate a measurable earnings base rather than relying only on the analyst target.

For the first half of 2026, LOK Report reported revenue of EUR 4.08 billion versus EUR 3.96 billion in the first half of 2025, a 3.10 percent increase. Operating EBIT rose to EUR 566.00 million from EUR 498.00 million, while the operating EBIT margin reached 13.90 percent from 12.60 percent.

October results set the next test

The same report states that Knorr-Bremse raised its 2026 revenue outlook to EUR 8.10 billion to EUR 8.30 billion and expects an operating EBIT margin of 14.00 percent to 14.50 percent. The free cash flow outlook stands at EUR 750.00 million to EUR 850.00 million, giving the October report a clear benchmark.

Knorr-Bremse's investor-relations calendar schedules the third-quarter 2026 financial results for October 29, 2026. Until then, the key tension is visible in the numbers: operating profitability is improving, while the daily euro quotation remains below the latest Warburg target.

Stock remains below its target

Knorr-Bremse was trading at EUR 98.50 at Lang & Schwarz on October 5, 2026 at 10:36 a.m. CEST, down 0.91 percent versus the Lang & Schwarz prior close of EUR 99.40 on October 2, 2026. The 52-week range is EUR 77.40 to EUR 115.60, and the market capitalization was EUR 16.0 billion as of October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Knorr-Bremse stock.