Ottobock stock faces Q3 test as Goldman cuts target to EUR 75

Published on 11/09/2026 at 11:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ottobock stock faces a key test on November 12 after Goldman Sachs lowered its target. The bank still rates the company Buy.

What Goldman expects next

Goldman Sachs lowered its Ottobock price target while keeping a Buy rating.
The bank expects weaker third-quarter revenue growth and continued pressure in North America.
Ottobock is scheduled to publish its third-quarter 2026 communication on November 12.

Ottobock, DE000BCK2223, Illustration mit AI erstellt.

Goldman Sachs has lowered its price target for Ottobock from 88 euros to 75 euros while maintaining a Buy rating, according to MarketScreener. The broker report was published on October 21, 2026, ahead of Ottobock's third-quarter update.

Goldman flags weaker growth

Analyst Richard Felton expects revenue growth at the orthotics and prosthetics specialist to have been relatively weak in the third quarter. He also cited continued weakness in North America, a regional risk that could weigh on the company's near-term performance.

The target reduction lowers Goldman's valuation framework by 13 euros, or 14.8 percent, from the previous target. The unchanged Buy rating signals that the bank's medium-term view remains positive despite its more cautious near-term assessment.

November update in focus

Ottobock has scheduled its third-quarter 2026 quarterly communication for Thursday, November 12, in Duderstadt, according to the company's investor-relations calendar. Investors will be looking for the pace of revenue growth, regional performance and any change to the full-year outlook.

The update will put the North American weakness highlighted by Goldman alongside Ottobock's broader operating trajectory. The company's investor-relations site reports strong first-half growth and a material improvement in margin, making the third-quarter figures important for judging whether that momentum held through the summer.

Stock remains below target

The Ottobock stock traded at 47.03 euros on Lang & Schwarz at 11:48 CET on Monday, November 9, 2026. The real-time quote of Ottobock stock gives investors the latest market indication ahead of Thursday's company update.