flatexDEGIRO AG stock (DE000FTG1111): Berenberg lifts price target as shares edge higher in Frankfurt

flatexDEGIRO AG shares traded slightly higher on Xetra on 06/05/2026 after Berenberg raised its price target for the German online broker, keeping a Buy rating on the stock.

flatexDEGIRO AG shares were modestly firmer in Friday trading on Xetra after German private bank Berenberg raised its price target for the Frankfurt-listed online broker while reiterating a positive stance on the stock.

According to a note summarized by MarketScreener on 06/05/2026, Berenberg kept its rating on flatexDEGIRO at Buy and increased its 12-month price target from EUR 45 to EUR 48, citing an improved outlook for the business and the broader European brokerage sector, as reported by MarketScreener as of 06/05/2026.

In parallel with the rating update, shares of flatexDEGIRO traded around the mid-EUR 30s in Frankfurt on 06/05/2026, with Deutsche Börse data cited by dpa-AFX indicating an intraday gain of about 1.9% to roughly EUR 33.58 as the stock moved back toward its 100-day moving average, according to a report referenced by Deutsche Börse/dpa-AFX as of 06/05/2026.

The company is based in Germany and its primary listing is on the Xetra segment of Deutsche Börse under the ticker FTK, with trading in euros, making the stock a closely watched name in the German mid-cap universe of online financial service providers.

As of: 06/05/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: flatexDEGIRO
• Sector/industry: Online brokerage and financial technology services
• Headquarters/country: Frankfurt am Main, Germany
• Core markets: Germany, Netherlands and other European retail brokerage markets
• Key revenue drivers: Retail securities trading commissions, interest income on client balances and related brokerage services
• Home exchange/listing venue: Xetra (FTK)
• Trading currency: EUR

flatexDEGIRO AG: core business model

flatexDEGIRO focuses on providing low-cost, technology-driven online brokerage platforms for retail investors across several European countries, combining trading access to a broad range of securities with integrated custody and back-office services.

Valuation metrics and multiples for flatexDEGIRO AG

With Berenberg lifting its price target for flatexDEGIRO from EUR 45 to EUR 48 on 06/05/2026 while maintaining a Buy recommendation, the German broker is implicitly assigning further upside potential relative to the stock's mid-EUR 30s trading range on the same date, as indicated in the note reported by MarketScreener.

Although detailed valuation ratios such as the current price-earnings or enterprise-value-to-EBITDA multiples were not disclosed alongside the target change, the higher target level suggests the bank's updated model expects the market to attach a richer multiple to flatexDEGIRO's earnings and cash-flow profile compared with prior assumptions as of early June 2026.

Conclusion

Berenberg's move on 06/05/2026 to raise its price target for flatexDEGIRO from EUR 45 to EUR 48 while keeping a Buy rating highlights that at least one major German research house sees further potential in the online broker's equity story.

The same-day share price move of about 1.9% to around EUR 33.58 on Xetra, in combination with the approach toward the 100-day moving average cited by dpa-AFX, indicates that the market is tracking both technical levels and fundamental commentary when assessing the stock.

Against this backdrop, valuation discussions around flatexDEGIRO are likely to focus on whether the company's growth profile and earnings prospects justify the higher target level set by Berenberg relative to the current market price.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.