OYAK raises target to TRY 34.44 for Dogan Holding stock

Published on 10/14/2026 at 03:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OYAK lifted its target to TRY 34.44 on September 22, 2026. Dogan Holding stock reported TRY 51.8 billion sales in the first half of 2026.

Target and earnings signals

OYAK set a TRY 34.44 target for Dogan Holding on September 22, 2026.
Dogan Holding reported TRY 51.8 billion in sales and TRY 3.6 billion in net profit for the first half of 2026.
The stock carried a P/E ratio of 7.63 on October 12, 2026.

Dogan Holding, TRADOHOL91Q8, Illustration mit AI erstellt.

OYAK had raised its target for Dogan Holding (ISIN TRADOHOL91Q8) to TRY 34.44 on September 22, 2026, according to Yatirimci.AI. The analyst action gives the stock a concrete reference point as investors assess the holding companys first-half operating figures.

The target moved above consensus

Yatirimci.AI listed nine analysts for Dogan Holding on October 13, 2026, with six Buy, zero Hold and zero Sell ratings. Their average target was TRY 33.27, placing OYAKs TRY 34.44 target above the published consensus level.

The difference matters because the two figures describe separate reference points. OYAKs target reflects one brokers view, while the TRY 33.27 figure aggregates the targets shown for nine analysts, giving investors a broader benchmark for the valuation discussion.

First-half sales set the base

According to FVT, Dogan Holding reported TRY 51.8 billion in net sales and TRY 3.6 billion in net profit for the first half of 2026. The same source reported TRY 8.0 billion in EBITDA and TRY 95.4 billion in equity for that period.

These figures make profitability the key counterweight to the target debate. Sales provide the scale of the diversified group, while the TRY 3.6 billion net profit and TRY 8.0 billion EBITDA show the earnings base that analysts are using when they value the company.

What does the valuation imply?

The valuation snapshot from Yatirimci.AI on October 12, 2026 showed a P/E ratio of 7.63, a P/B ratio of 0.51 and a dividend yield of 1.61 percent. The same page listed operating profit of TRY 6.5 billion and net profit of TRY 3.6 billion.

The figures point to a valuation discussion built on both earnings and asset value. The P/E ratio remains tied to reported profit, while the P/B ratio places the TRY 95.4 billion equity figure at the center of the holding company analysis.

Company and trading details

Dogan Holding describes its investor-relations platform as covering financial results, presentations, material disclosures and corporate governance. The company operates on Borsa Istanbul under the DOHOL.E.IS ticker, and its diversified structure spans industrial, financial, energy, automotive, media and real estate activities.

Market context: Market report BIST 100.