Komatsu, JP3304200003

Goldman Sachs upgrades Komatsu stock to Buy

Published on 10/07/2026 at 04:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The rating changed from Neutral to Buy on October 5, 2026. For Komatsu stock, this means JPY 9,000 versus JPY 6,700.

Komatsu, JP3304200003, Illustration mit AI erstellt.

Komatsu stock (ISIN JP3304200003) is the subject of a Goldman Sachs upgrade to Buy from Neutral, with the target raised from JPY 6,700.00 to JPY 9,000.00 on October 5, 2026, according to Investing.com. The revision puts the machinery maker at the center of a debate over stronger North American construction and mining demand versus margin pressure.

Goldman Sachs raises its target

Finvaulta reports that Goldman Sachs linked the upgrade to the AI capital-spending cycle and assigned 15.00 percent upside to a reference price of JPY 7,818.00. The research summary also says the bank shifted its valuation base period to the midpoint of fiscal 2028 and fiscal 2029 from fiscal 2027.

The target change is substantial in absolute terms: JPY 2,300.00, or 34.33 percent, was added to the former JPY 6,700.00 target. That revision gives the analyst call a stronger numerical signal than a simple rating change.

Quarterly growth meets margin pressure

Komatsu generated JPY 1,043.14 billion in revenue and JPY 150.81 billion in operating income in the first quarter of fiscal 2027, according to Finvaulta. Revenue increased 14.70 percent from the comparable quarter, while the operating margin was 14.50 percent.

The financial data show quarterly net income of JPY 96.15 billion and operating cash flow of JPY 65.15 billion for the same period. The combination of double-digit revenue growth and a 14.50 percent operating margin explains why the valuation debate centers on earnings quality as well as demand.

Stock approaches its yearly high

The TSE quote was JPY 7,850.00 on October 7, 2026 at 11:26 a.m. JST, with a 52-week range of JPY 4,914.00 to JPY 7,980.00 and market capitalization of JPY 7.0 trillion. Komatsu lists ticker 6301 on the TSE and says it plans to announce second-quarter fiscal 2026 results at 2:30 p.m. JST on October 29, 2026, per its Komatsu investor-relations page.

Lang & Schwarz lists a prior close of EUR 43.81 for October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Komatsu stock.