Berenberg keeps Buy rating for Knorr-Bremse stock at EUR 125 target
Published on 10/09/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Berenberg maintained a Buy rating and a EUR 125.00 price target on September 29, 2026.
- Knorr-Bremse first-half revenue rose 3.10 percent to EUR 4.08 billion in 2026.
- The Lang & Schwarz price was EUR 99.73 on October 9, 2026, up 1.42 percent versus EUR 98.33.
- Knorr-Bremse targets EUR 10.0 billion in revenue and a 16.00 percent operating EBIT margin by 2030.
Knorr-Bremse (ISIN DE000KBX1006) was trading at EUR 99.73 at Lang & Schwarz on October 9, 2026 at 12:34 p.m. CEST, up 1.42 percent versus the prior close of EUR 98.33. According to FinanzNachrichten on September 29, 2026, Berenberg kept its Buy rating and EUR 125.00 price target.
Why the EUR 125 target matters
Berenberg analyst Yasmin Steilen highlighted Knorr-Bremse's access to Chinese trucks after the IAA Transportation event. The EUR 125.00 target stands EUR 25.27 above the Lang & Schwarz price, equal to 25.35 percent upside based on the two euro values.
A more cautious view came from JPMorgan. FinanzNachrichten reported on September 15, 2026 that JPMorgan kept a Neutral rating and a EUR 108.00 target, citing largely unchanged third-quarter conditions and exhausted US truck order options.
Three dated milestones
On September 17, 2026, MarketScreener reported Knorr-Bremse's first European commercial contract for digital automatic couplers, covering a PioDAC train with 23 freight cars and one locomotive. On September 29, 2026, Berenberg set its EUR 125.00 target. On October 7, 2026, Quartr recorded the company's EUR 10.0 billion 2030 revenue target and 16.00 percent operating EBIT margin goal.
What does the growth plan require?
Knorr-Bremse's investor-relations page lists EUR 4.08 billion of revenue for the first half of 2026, up 3.10 percent year over year, alongside EUR 305.00 million of operating EBIT and EUR 294.00 million of free cash flow. The figures are identified as Q2 2026 financial metrics by Knorr-Bremse.
Quartr's October 7, 2026 summary says aftermarket activities generated more than 45.00 percent of revenue and were more profitable than original-equipment sales. That mix gives the 2030 targets an operating lever beyond unit growth.
Next reporting date is October 29
The company calendar lists Q3/26 financial results for October 29, 2026, according to Knorr-Bremse. The next quantified checkpoint is therefore the third-quarter update against the EUR 4.08 billion first-half revenue base.
Stock price and trading context
Knorr-Bremse was trading at EUR 99.73 at Lang & Schwarz on October 9, 2026 at 12:34 p.m. CEST, versus the EUR 98.33 prior close. The primary listing is on Xetra in euros, and the stock's 52-week range was EUR 77.40 to EUR 115.60 as of October 9, 2026.
The further course of trading is shown by the continuously updated real-time quote of Knorr-Bremse stock.
Knorr-Bremse stock facts
- Company: Knorr-Bremse AG
- ISIN: DE000KBX1006
- WKN: KBX100
- Ticker: KBX
- Primary exchange: Xetra
- Price Lang & Schwarz as of October 9, 2026, 12:34 p.m. CEST: EUR 99.73
- Change versus prior close: plus 1.42 percent
- Prior close Lang & Schwarz October 8, 2026: EUR 98.33
- Market capitalization: EUR 16.1 billion (as of October 9, 2026)
- 52-week range: EUR 77.40-EUR 115.60 (as of October 9, 2026)
- Sector / Industry: Industrials / Auto - Parts
- Index membership: GEX
- Next earnings date: October 29, 2026
Market context: Market report DAX.
