Citigroup cuts target for Linde stock from USD 580.00 to USD 560.00

Published on 10/19/2026 at 10:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 9.30 percent to USD 9.29 billion. Linde stock costs EUR 444.40 on October 19, 2026, 0.18 percent above EUR 443.60.

Targets and reporting dates

Citigroup cut its Linde target from USD 580.00 to USD 560.00 on October 7, 2026.
Second-quarter revenue reached USD 9.29 billion, up 9.30 percent year over year.
Linde stock trades at EUR 444.40 at 10:17 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.18 percent above the Xetra close of October 16, 2026.
Linde's third-quarter 2026 results are scheduled for October 29, 2026.

Industriegasanlage mit Tanks und Dampf bei Sonnenaufgang, Symbolbild für Linde plc — Fotorealistische Aufnahme einer Industriegas-Anlage bei Sonnenaufgang symbolisiert das Unternehmen Linde plc, ISIN IE000S9YS4E6, Chemiesektor heute, Illustration mit AI erstellt.

Linde (IE000S9YS762) stock is under review after Citigroup cut its target from USD 580.00 to USD 560.00 in a note dated October 7, 2026, according to MarketBeat. At Lang & Schwarz, the stock was trading at EUR 444.40 on October 19, 2026 at 10:17 a.m. CEST, up EUR 0.80 or 0.18 percent versus the Xetra close of October 16, 2026 at EUR 443.60. Linde is due to publish third-quarter results on October 29, 2026.

Target cut meets a scheduled report

The October 7 Citigroup action is the latest dated analyst event in the available company coverage. MarketBeat reported the target reduction alongside a USD 547.10 consensus target and a Buy consensus, while the company has already set October 29 for its next quarterly release.

The scheduled release matters because Linde's latest reported quarter combined higher sales with a narrow earnings beat. The company reported second-quarter revenue of USD 9.29 billion, up 9.30 percent from the prior-year quarter, and adjusted earnings per share of USD 4.50 versus a USD 4.49 consensus, according to MarketBeat. Linde also maintained fiscal 2026 adjusted earnings guidance of USD 17.70 to USD 17.90.

What does revenue growth mean?

The 9.30 percent increase gives the October 29 report a clear test: investors can compare fresh sales growth with the company's earnings guidance and the lower Citigroup target. The prior-year comparison is concrete, while the target cut shows that the next valuation debate will depend on execution rather than on the scheduled date alone.

Three dated stock milestones

On July 31, 2026, Linde reported USD 9.29 billion of second-quarter revenue and USD 4.50 of adjusted earnings per share. On October 5, 2026, Linde announced that third-quarter results would be released on October 29, 2026, according to Linde. On October 7, 2026, Citigroup cut its target from USD 580.00 to USD 560.00, as reported by MarketBeat.

When is the next report?

Linde's next substantiated event is the third-quarter 2026 earnings release on October 29, 2026. The company said the release would come by 6:00 a.m. EDT, followed by a conference call at 9:00 a.m. EDT, according to Linde.

Stock valuation stays central

Linde's market capitalization was USD 229.8 billion as of October 16, 2026, while its Nasdaq 52-week range was USD 387.78 to USD 548.20. The stock therefore sits below its reported yearly high, leaving the October results as the next dated test for the revenue and earnings trajectory. It was trading at EUR 444.40 at Lang & Schwarz on October 19, 2026 at 10:17 a.m. CEST, 0.18 percent above the Xetra close of October 16, 2026 at EUR 443.60. The further course of trading is shown by the continuously updated real-time quote of Linde stock.