Goldesel cuts target for Wacker Chemie stock to EUR 84.00

Published on 10/21/2026 at 10:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Target falls from EUR 92.60 to EUR 84.00 on October 20, 2026. Wacker Chemie stock costs EUR 86.10 on October 21, 2026, 0.82 percent above the Xetra close.

Analyst caution meets operating gains

Goldesel lowered its Wacker Chemie target from EUR 92.60 to EUR 84.00 on October 20, 2026.
Second-quarter 2026 revenue rose 7.40 percent to EUR 1.52 billion.
Wacker Chemie stock trades at EUR 86.10 at 10:16 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.82 percent above the Xetra close of October 20, 2026.
Wacker Chemie is scheduled to release third-quarter 2026 results on October 29, 2026.

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Wacker Chemie (DE000WCH8881) stock is trading at EUR 86.10 at Lang & Schwarz on October 21, 2026 at 10:16 a.m. CEST, 0.82 percent above the Xetra close. On October 20, 2026, Goldesel reported that the analyst target had fallen from EUR 92.60 to EUR 84.00 while the Hold rating remained unchanged.

Target cut meets stronger quarter

The lower target frames the stock against an improved second-quarter operating picture. Wacker reported revenue of EUR 1.52 billion for the second quarter of 2026, up 7.40 percent from EUR 1.41 billion in the second quarter of 2025, while net income reached EUR 340.8 million compared with a EUR 24.2 million loss a year earlier, according to the Yahoo Finance transcript.

Reported EBITDA was EUR 211 million in the second quarter, including a EUR 37 million non-cash pension effect. EBITDA before the pension effect rose 53 percent to EUR 175 million from EUR 114 million, with management attributing the improvement to pricing, volumes and the PACE cost program.

What does the guidance mean for margins?

Management raised full-year 2026 EBITDA guidance to EUR 625 million-EUR 750 million in the second-quarter call. The range includes the pension effect, so the quality of the improvement matters as much as the headline figure. Silicones generated second-quarter EBITDA of EUR 123 million, while Polymers reached EUR 69 million.

Three dates frame the reassessment

On July 30, 2026, Wacker presented second-quarter revenue of EUR 1.52 billion and adjusted EBITDA before the pension effect of EUR 175 million in its earnings call. On September 21, 2026, the company presented its REFOCUS strategy, including an EBITDA margin ambition of 15 percent plus or minus 2 percentage points and annual PACE savings of more than EUR 300 million from 2028, as reported by WebWire. On October 20, 2026, Goldesel reported the target cut to EUR 84.00 while retaining Hold.

Next reporting date is October 29

MarketScreener lists October 29, 2026, as the date for Wacker Chemie's third-quarter 2026 earnings release. The same page reports that JPMorgan maintained a Sell rating with a EUR 62.00 target, giving investors a sharply lower reference point than the EUR 84.00 target reported by Goldesel.

Stock stays between target extremes

For investors, the central tension is clear: second-quarter revenue and operating earnings improved, while analyst targets remain widely separated. The next report can show whether the higher EBITDA level is broadening beyond the pension effect and whether demand in chemicals is strengthening.

The stock was trading at EUR 86.10 at Lang & Schwarz on October 21, 2026 at 10:16 a.m. CEST, 0.82 percent above the Xetra close of October 20, 2026 at EUR 85.40. The further course of trading is shown by the continuously updated real-time quote of Wacker Chemie stock.