Cancom, DE0005419105

UBS sets EUR 26.00 target for Cancom stock

Published on 10/20/2026 at 19:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS set EUR 26.00 on September 25, 2026. Cancom stock costs EUR 22.85 on October 20, 2026, 0.22 percent above Xetra close.

UBS target and reporting date

On September 25, 2026, UBS set a EUR 26.00 target for Cancom with a Buy rating.
First-half 2026 revenue fell 3.50 percent to EUR 775.90 million, while EBITDA rose 34.00 percent.
Cancom stock costs EUR 22.85 at Lang & Schwarz on October 20, 2026 at 7:13 p.m. CEST, 0.22 percent above the Xetra close of EUR 22.80.
Cancom will publish its third-quarter 2026 report on November 12, 2026.

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UBS set a EUR 26.00 target and a Buy rating for Cancom on September 25, 2026, giving the target 13.79 percent upside from the EUR 22.85 price. Cancom stock was trading at EUR 22.85 at Lang & Schwarz on October 20, 2026 at 7:13 p.m. CEST, up EUR 0.05, or 0.22 percent, versus the Xetra close of EUR 22.80 on the same date.

Target leaves room for review

According to finanzen.ch, UBS analyst Olivier Calvet initiated coverage with a Buy rating and a EUR 26.00 target on September 25, 2026. The target stands 13.79 percent above the Lang & Schwarz price, calculated from EUR 26.00 and EUR 22.85.

The valuation view sits alongside a mixed operating picture. FNE reported that first-half 2026 revenue fell 3.50 percent to EUR 775.90 million, while EBITDA increased 34.00 percent to EUR 49.20 million.

What does the next report test?

The next report must show whether improved profitability can continue while sales remain under pressure. For the first half of 2026, the gross margin rose to 44.20 percent from 41.80 percent, while the Germany segment's EBITDA increased to EUR 30.60 million from EUR 13.70 million, according to FNE.

Price position and valuation

Cancom's EUR 20.05 to EUR 29.45 52-week range places the current price EUR 2.60 above the low and EUR 6.60 below the high, as of October 20, 2026. The stock's price-to-earnings ratio was 18.84, market capitalization was EUR 655.3 million, and volume reached 94,344 shares on the same date.

The 2026 outlook calls for revenue of EUR 1.75 billion to EUR 1.85 billion, EBITDA of EUR 110.00 million to EUR 130.00 million, and EBITA of EUR 55.00 million to EUR 75.00 million. The first-half revenue of EUR 775.90 million represents 44.34 percent of the lower end of the annual revenue range.

Upcoming reporting date

CANCOM's investor-relations page lists November 12, 2026 at 8:00 a.m. CEST for the interim statement covering the period ended September 30, 2026. The same page lists the German Equity Forum for November 23, 2026 to November 24, 2026.

Market comparison

Cancom: up 0.22 percent versus the Xetra close, price-to-earnings ratio 18.84, market capitalization EUR 655.3 million. Bechtle (Xetra, EUR): up 0.63 percent, price-to-earnings ratio 18.05, market capitalization EUR 4.5 billion.

Stock holds above the close

The modest premium to the Xetra close leaves the analyst target as the more meaningful valuation reference. The next earnings update will test whether the stronger margin trend can offset the 3.50 percent first-half revenue decline.

Cancom stock was trading at EUR 22.85 at Lang & Schwarz on October 20, 2026 at 7:13 p.m. CEST, 0.22 percent above the Xetra close of EUR 22.80 on October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of Cancom stock.