UBS cuts target for Rheinmetall stock from EUR 1,600 to EUR 1,360

Published on 10/26/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

2026 guidance is EUR 13.70 billion to EUR 14.20 billion. Rheinmetall stock costs EUR 1,041.10 on October 26, 2026, 2.17 percent above Xetra close.

Analyst target and reporting dates

UBS cut its Rheinmetall target from EUR 1,600.00 to EUR 1,360.00 on October 20, 2026.
Rheinmetall's 2026 revenue guidance is EUR 13.70 billion to EUR 14.20 billion.
Rheinmetall stock costs EUR 1,041.10 at Lang & Schwarz on October 26, 2026 at 4:36 p.m. CEST, 2.17 percent above the Xetra close of October 23, 2026.
Third-quarter results are scheduled for November 5, 2026, followed by the Capital Markets Day from November 25 to November 27, 2026.

Rheinmetall, DE0007030009, Illustration mit AI erstellt.

Rheinmetall stock (ISIN DE0007030009) faces a lower UBS target of EUR 1,360.00, down from EUR 1,600.00, while the bank kept its Buy rating on October 20, 2026, MarketScreener reported. The revised target stands 30.63 percent above the EUR 1,041.10 price. At Lang & Schwarz, the stock was trading at EUR 1,041.10 on October 26, 2026 at 4:36 p.m. CEST, up 2.17 percent versus the Xetra close of October 23, 2026 at EUR 1,019.00.

Guidance sets the earnings frame

Rheinmetall's 2026 revenue guidance is EUR 13.70 billion to EUR 14.20 billion, implying growth of 37.00 percent to 42.00 percent. The range and an operating margin target of 19.00 percent were included in the company's October 5, 2026 investor recap, Rheinmetall said. The same document put the backlog target at more than EUR 100.00 billion and set cash conversion above 40.00 percent.

Stock remains below its yearly high

The EUR 900.20 to EUR 1,966.00 52-week range places the Lang & Schwarz price 47.04 percent below the high and 15.65 percent above the low. The latest market capitalization was EUR 48.6 billion, with a price-to-earnings ratio of 67.48 and volume of 56,752 shares, all as of October 26, 2026.

Valuation meets two November dates

UBS's lower target contrasts with a broader analyst picture. MarketScreener listed 21 analysts and an average target of EUR 1,559.38, but that consensus is separate from UBS's October 20 decision. Rheinmetall is scheduled to publish third-quarter results on November 5, 2026, and hold its Capital Markets Day from November 25 to November 27, 2026, according to the company's investor-relations calendar, Rheinmetall.

Comparison with peers

Rheinmetall: up 2.17 percent, price-to-earnings ratio 67.48, market capitalization EUR 48.6 billion.

Airbus (Euronext Paris, EUR): up 0.63 percent, price-to-earnings ratio 25.81, market capitalization EUR 153.3 billion.

Leonardo (Milan, EUR): up 1.81 percent, price-to-earnings ratio 25.29, market capitalization EUR 28.5 billion.

What the target cut changes

The UBS move gives investors a concrete valuation checkpoint ahead of the November events. The target remains above the Lang & Schwarz price, while the 67.48 price-to-earnings ratio leaves execution and guidance central to the next results discussion.

Price and dates at a glance

Rheinmetall stock was trading at EUR 1,041.10 at Lang & Schwarz on October 26, 2026 at 4:36 p.m. CEST, 2.17 percent above the Xetra close of October 23, 2026 at EUR 1,019.00. The next scheduled company dates are November 5, 2026 for third-quarter results and November 25 to November 27, 2026 for the Capital Markets Day. The further course of trading is shown by the continuously updated real-time quote of Rheinmetall stock.