Berenberg raises target for VAT Group stock to CHF 695

Published on 10/08/2026 at 17:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg kept Hold as its target rose from CHF 640 to CHF 695. VAT Group stock costs EUR 721.40 after EUR 733.80 on October 7, 2026.

Key points in brief

Berenberg raised its VAT Group price target from CHF 640 to CHF 695 while retaining a Hold rating on October 7, 2026.
The bank expects third-quarter 2026 orders of CHF 515.0 million and sales near the top of CHF 355.0 million to CHF 385.0 million guidance.
VAT Group was last at EUR 721.40 at Lang & Schwarz on October 8, 2026, while its SIX 52-week range is CHF 305.10 to CHF 727.20.
The next scheduled company event is the third-quarter trading update on October 15, 2026.

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VAT Group (CH0311864901) was last at EUR 721.40 at Lang & Schwarz on October 8, 2026, in after-hours trading. Finimize reported on October 7, 2026, that Berenberg raised its VAT Group price target from CHF 640 to CHF 695 while retaining a Hold rating. The higher target and unchanged rating point to a split view: stronger semiconductor demand supports estimates, while valuation limits conviction.

Three dated signals shape VAT

On July 22, 2026, VAT Group said first-half 2026 order intake increased 75 percent. On October 7, 2026, Financial Times published the company invitation for a 10:00 a.m. CEST third-quarter trading update call on October 15, 2026. Also on October 7, 2026, Finimize reported the CHF 55.00 target increase.

What does the target change mean?

Berenberg expects third-quarter 2026 orders of CHF 515.0 million, compared with sales guidance of CHF 355.0 million to CHF 385.0 million, according to Finimize. That relationship matters because orders provide a forward indicator for revenue conversion, but the bank still described VAT Group stock as expensive and kept its Hold rating.

The price target of CHF 695.00 is CHF 55.00 above the old target, a 8.59 percent increase calculated against CHF 640.00. Berenberg also lifted its 2027 and 2028 revenue estimates by 7.10 percent and 13.50 percent, respectively, while making only a small change to its 2026 estimate.

Two dates matter next

VAT Group lists an October 14, 2026 company event at WESEMiBAY 2026. The third-quarter trading update follows on October 15, 2026, when management is scheduled to discuss third-quarter conditions and expectations for the rest of 2026, according to Financial Times.

Price and valuation context

VAT Group was last at EUR 721.40 at Lang & Schwarz on October 8, 2026, in after-hours trading. On SIX, the stock was last at CHF 674.00 on October 8, 2026, against a 52-week range of CHF 305.10 to CHF 727.20; market capitalization was CHF 20.2 billion on the same date. The further course of trading is shown by the continuously updated real-time quote of VAT Group stock.