JPMorgan raises target for Voestalpine stock from EUR 50.00 to EUR 56.80

Published on 10/26/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2025/26 revenue was EUR 15.1 billion. Voestalpine stock costs EUR 41.83 on October 26, 2026, 0.26 percent below the Xetra close.

Targets and production milestones

JPMorgan raised its Voestalpine target from EUR 50.00 to EUR 56.80 on October 15, 2026.
The Donawitz furnace is designed for 850,000 tons of CO2-reduced steel annually from the first half of 2027.
Voestalpine stock trades at EUR 41.83 at 10:37 a.m. CEST at Lang & Schwarz on October 26, 2026, 0.26 percent below the Xetra close of October 23, 2026.

Voestalpine, AT0000937503, Illustration mit AI erstellt.

Voestalpine stock (ISIN AT0000937503) was trading at EUR 41.83 at Lang & Schwarz on October 26, 2026, 0.26 percent below the Xetra close of October 23, 2026 at EUR 41.94. The latest analyst catalyst came on October 15, 2026, when JPMorgan raised its price target from EUR 50.00 to EUR 56.80 and kept an Overweight rating, as Markets Insider reported.

Steel transformation stays on schedule

The target increase adds a valuation reference to a transformation program that is moving from construction toward commissioning. In its fiscal year 2025/26, voestalpine generated EUR 15.1 billion in revenue and EUR 1.5 billion in EBITDA, according to voestalpine.

Three dated milestones shape the case

On October 2, 2026, voestalpine and VERBUND expanded the H2FUTURE pilot plant in Linz with an investment volume of EUR 16.4 million, according to voestalpine. On October 12, 2026, the company said installation of the Donawitz electric arc furnace was largely complete. On October 15, 2026, JPMorgan lifted its target from EUR 50.00 to EUR 56.80.

What does the furnace milestone change?

The Donawitz furnace is planned to produce around 850,000 tons of CO2-reduced steel annually once fully operational. The company expects the first melts in the first half of 2027, while a possible expansion by 2030 includes approximately EUR 100 million of investment, according to voestalpine. The investor question is whether execution and steel pricing can convert that spending into stronger earnings.

Next results arrive in November

The next substantiated date is November 11, 2026, for the second-quarter results of fiscal year 2026/27. The first half of 2027 is the planned production start for the new electric arc furnaces in Donawitz and Linz.

Price remains below the recent high

Voestalpine's EUR 41.83 price at Lang & Schwarz is 15.01 percent below the 52-week high of EUR 49.22 and above the 52-week low of EUR 29.68, with the range and market capitalization of EUR 7.1 billion as of October 26, 2026. The current quote was EUR 41.83 at Lang & Schwarz on October 26, 2026 at 10:37 a.m. CEST, 0.26 percent below the Xetra close of October 23, 2026 at EUR 41.94. The further course of trading is shown by the continuously updated real-time quote of Voestalpine stock.