Iwai Cosmo upgrades Trend Micro stock with JPY 8,600.00 target

Published on 10/20/2026 at 21:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 13.00 percent in the second quarter. Trend Micro stock costs EUR 38.13 on October 20, 2026, down 3.79 percent versus Frankfurt.

Analyst target and earnings date

Iwai Cosmo set an JPY 8,600.00 target and upgraded Trend Micro to Outperform on October 16, 2026.
Second-quarter revenue rose 13.00 percent to JPY 74.74 billion.
Trend Micro stock costs EUR 38.13 at Lang & Schwarz on October 20, 2026 at 9:00 p.m. CEST, 3.79 percent below the Frankfurt close of October 19, 2026.
The next quarterly results are scheduled for November 11, 2026.

Trend Micro, JP3637300009, Illustration mit AI erstellt.

Trend Micro Incorporated (JP3637300009) faces a JPY 8,600.00 analyst target after Iwai Cosmo upgraded the stock to Outperform from Neutral Plus on October 16, 2026, according to MarketScreener. The target stands 28.36 percent above the JPY 6,700.00 Tokyo price reported for October 20, 2026. At Lang & Schwarz, Trend Micro stock was trading at EUR 38.13 on October 20, 2026 at 9:00 p.m. CEST, down 3.79 percent versus the Frankfurt close of October 19, 2026 at EUR 39.63.

Revenue grows while earnings weaken

The latest operating picture is mixed. Trend Micro's second-quarter revenue rose 13.00 percent year over year to JPY 74.74 billion, while net income fell 37.00 percent year over year to JPY 3.46 billion, according to Trend Micro on August 13, 2026. Adjusted figures were not used in that comparison. The contrast leaves the analyst target dependent on revenue growth translating into stronger profitability.

Tokyo range keeps the stock in view

The Tokyo-listed shares ended the October 20, 2026 session at JPY 6,700.00, down 4.79 percent from the prior session, with 2,254,000 shares traded. The 52-week range was JPY 4,789.00 to JPY 8,073.00, placing the latest Tokyo price 17.00 percent below the high and 39.86 percent above the low. The market capitalization was JPY 869.6 billion and the trailing P/E was 24.86.

When are the next results?

Trend Micro's investor-relations calendar lists November 11, 2026 as the next quarterly results date, according to TickerLandia. The company trades on the Tokyo Stock Exchange Prime Market under ticker 4704 and operates in software infrastructure, with cybersecurity products spanning cloud, endpoint and network protection.

Comparison with peers

Trend Micro: down 4.79 percent, P/E 24.86, market capitalization JPY 869.6 billion.

Trend Micro's valuation sits below Cisco Systems at a USD 420.6 billion market capitalization and a P/E of 32.04, while Palo Alto Networks carries a USD 279.6 billion market capitalization and a P/E of 776.50. Those comparisons span different currencies and business mixes, so the JPY valuation remains the cleaner home-market reference.

Analyst target leaves a wide spread

Iwai Cosmo's JPY 8,600.00 target is materially above the October 20, 2026 Tokyo price, while the broader nine-analyst consensus shown by MarketScreener was Hold with an average target of JPY 6,400.00. The split points to a stock where AI security growth and near-term investment costs are pulling valuation in opposite directions.

Trend Micro was trading at EUR 38.13 at Lang & Schwarz on October 20, 2026 at 9:00 p.m. CEST, 3.79 percent below the Frankfurt close of October 19, 2026 at EUR 39.63. The further course of trading is shown by the continuously updated real-time quote of Trend Micro stock.