Bechtle stock gains 1.37 percent as Deutsche Bank lifts target

Published on 09/28/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bechtle stock posted Q2 revenue of EUR 1.73 billion and EPS of EUR 0.46 against a EUR 0.40 forecast. Deutsche Bank raised its target from EUR 45 to EUR 49.

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Bechtle stock (ISIN DE0005158703) was trading at EUR 33.98 on Xetra on September 28, 2026 at 10:09 a.m. CEST, up 1.37 percent from EUR 33.52. The immediate market backdrop is a higher analyst valuation after Deutsche Bank Research lifted its price target from EUR 45 to EUR 49 on September 21, 2026, while retaining its Buy rating.

Deutsche Bank raises its target

According to MarketScreener on September 21, 2026, Deutsche Bank Research raised the target to EUR 49 from EUR 45 and kept the Buy rating. The bank said Bechtle's capital-markets day was not a turning point for the investment thesis, but its analyst became more optimistic about 2027 and the medium-term growth outlook.

Measured against the EUR 33.98 Xetra price, the EUR 49 target stands 44.20 percent above the share price. That gap is a valuation statement rather than a forecast from this article, and the stock still trades 24.72 percent below its EUR 45.14 52-week high.

Q2 revenue reaches EUR 1.73 billion

Bechtle's latest reported quarter provides the operating reference for the analyst view. Investing.com identifies the latest release as August 12, 2026 and reports Q2 2026 revenue of EUR 1.73 billion, net income of EUR 57.797 million and EPS of EUR 0.46.

The same source places the EPS forecast at EUR 0.40, so reported EPS exceeded that comparison by 15.00 percent. Revenue also rose from EUR 1,571.691 million in the previous quarter to EUR 1,732.198 million in Q2 2026, an increase of 10.21 percent.

AI and IT services shape the outlook

Bechtle describes its business as a combination of IT infrastructure, digitalization, multi-cloud, modern workplace, security, artificial intelligence and managed services. Its investor page says the group operated at more than 120 locations in 14 European countries with more than 16,000 employees in 2025, while business volume reached EUR 8.6 billion.

For investors, the key tension is visible in the numbers: the latest quarter delivered an EPS beat against forecast, while Deutsche Bank's higher target depends on a stronger medium-term growth profile. The next market test is whether the reported operating momentum can support that valuation gap.

Bechtle stock trades above EUR 33

Bechtle stock was last at EUR 33.98 on Xetra on September 28, 2026 at 10:09 a.m. CEST, with a 1.37 percent daily gain, a market capitalization of EUR 4.3 billion and volume of 23,840 shares.