Baader upgraded Jenoptik stock to Reduce at EUR 43.80

Published on 10/09/2026 at 14:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Orders reached EUR 723 million in the first half, up 53.00 percent year over year. Jenoptik stock costs EUR 40.18 on October 9, 2026 after EUR 40.07.

Key points in brief

Baader upgraded Jenoptik stock from Sell to Reduce and set a EUR 43.80 target on September 30, 2026.
First-half 2026 order intake rose 53.00 percent to EUR 723 million, while the order backlog reached EUR 825 million.
The Lang & Schwarz price was EUR 40.18 on October 9, 2026 at 2:41 p.m. CEST, plus 0.27 percent versus EUR 40.07.

Photonik-Reinraum mit Technikern in Schutzanzügen bei Optik-Montage — Jenoptik AG DE0006229107 zeigt Techniker in Reinraum bei präziser optischer Linsen Montage, Illustration mit AI erstellt.

Jenoptik stock (ISIN DE000A2NB601) was trading at EUR 40.18 at Lang & Schwarz on October 9, 2026 at 2:41 p.m. CEST, up 0.27 percent versus the prior close. On September 30, 2026, Baader upgraded Jenoptik from Sell to Reduce and set a EUR 43.80 target, according to Investing.com.

Three dates, three figures

On August 12, 2026, Jenoptik reported first-half revenue of EUR 503.2 million, compared with EUR 498.4 million a year earlier, according to Boerse Global. On September 23, 2026, Jenoptik presented CEO Dominic Dorfner at the W3+ Fair, while fiscal-year 2025 revenue stood at EUR 1,046 million, according to Jenoptik. On September 30, 2026, Baader changed its rating from Sell to Reduce and kept its target at EUR 43.80, according to wallstreetONLINE.

What does the order growth mean?

First-half order intake rose 53.00 percent to EUR 723 million, and the order backlog reached EUR 825 million, according to Dagens Aktie. The same period produced an EBITDA margin of 19.70 percent and an EBIT margin of 12.30 percent. The figures point to stronger demand in semiconductor-related activities, while execution and conversion of the backlog remain central to the second-half picture.

Next date is November 10

Jenoptik is scheduled to publish its January to September 2026 quarterly statement on November 10, 2026, according to the company investor-relations calendar at Jenoptik. The next report will test whether the EUR 825 million backlog is converting into revenue while the company maintains its 2026 revenue-growth range of 5.00 percent to 9.00 percent and EBITDA-margin guidance of 20.00 percent to 21.00 percent, as management explained in the first-half earnings call carried by Yahoo Finance.

EUR 40.18 in afternoon trading

At Lang & Schwarz, Jenoptik was trading at EUR 40.18 on October 9, 2026 at 2:41 p.m. CEST, plus 0.27 percent versus the prior close of EUR 40.07 on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Jenoptik stock.