Deutsche Bank keeps EUR 40 target for Deutsche Telekom stock

Published on 10/20/2026 at 09:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Telekom stock costs EUR 25.64 on October 20, 2026, 0.27 percent above the Xetra close. Results are due November 5, 2026.

Analyst stance and company dates

Deutsche Bank Research kept its EUR 40.00 target on October 19, 2026.
Second-quarter revenue rose 4.40 percent to EUR 29.93 billion.
Deutsche Telekom stock trades at EUR 25.64 at 9:15 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.27 percent above the Xetra close of October 19, 2026.

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Deutsche Telekom (ISIN DE0005557508) was trading at EUR 25.64 at Lang & Schwarz on October 20, 2026, at 9:15 a.m. CEST, 0.27 percent above the Xetra close of October 19, 2026 at EUR 25.57. On October 19, 2026, Deutsche Bank Research kept its Buy rating and EUR 40.00 target, according to wallstreetONLINE.

Three dated events shape the story

Deutsche Telekom increased its 2026 share buyback program by up to EUR 3.00 billion on August 6, 2026, according to Deutsche Telekom. Bernstein cut its target to EUR 28.10 and moved to a Neutral view on September 25, 2026, as reported by Admiral Markets. Deutsche Bank's EUR 40.00 target was the latest of the three dated analyst events on October 19, 2026.

What does EUR 40 mean?

The target is 56.01 percent above the Lang & Schwarz price of EUR 25.64, using the same euro currency. Deutsche Bank Research said agent-based artificial intelligence and Starlink's ambitions in terrestrial US mobile services had weighed on the stock, but called the market reaction excessive, according to wallstreetONLINE. Bernstein's EUR 28.10 target is 9.59 percent above the same reference price, leaving a wide gap between the two analyst views.

Revenue growth meets the next date

In the second quarter of 2026, Deutsche Telekom reported revenue of EUR 29.93 billion, up 4.40 percent from the second quarter of 2025, while adjusted net profit rose 11.10 percent to EUR 2.78 billion, according to Admiral Markets. The next two substantiated dates are November 5, 2026, for third-quarter results and February 25, 2027, for fourth-quarter and full-year 2026 results, according to Deutsche Telekom.

Telekom stock stays near EUR 25.64

The small premium to the October 19 Xetra close leaves the share price below both analyst targets, while the next earnings date gives investors a defined company-specific event to assess. The market capitalization stood at EUR 122.5 billion as of October 20, 2026, and the 52-week range was EUR 23.53 to EUR 34.36.

Deutsche Telekom was trading at EUR 25.64 at Lang & Schwarz on October 20, 2026, at 9:15 a.m. CEST, 0.27 percent above the Xetra close of October 19, 2026 at EUR 25.57. The further course of trading is shown by the continuously updated real-time quote of Telekom stock.