Deutsche Bank cuts target for Kone stock from EUR 67.00 to EUR 66.00

Published on 10/02/2026 at 15:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kone posted EUR 2.94 billion revenue in the second quarter. Kone stock trades at EUR 51.26 on October 2, 2026 versus EUR 50.46, plus 1.59 percent.

Trading-Floor der Börse Helsinki mit Industrie-Charts und OMXH-Index auf Bildschirmen — Kone Oyj (ISIN FI0009013403) notiert an der Börse Helsinki, gezeigt durch Trading-Floor mit Industrie-Charts, Illustration mit AI erstellt.

Kone (ISIN FI0009013403) was trading at EUR 51.26 at Lang & Schwarz on October 2, 2026, up 1.59 percent versus the EUR 50.46 prior close. According to MarketScreener on October 2, Deutsche Bank cut its price target for Kone from EUR 67.00 to EUR 66.00 and retained its Buy rating.

Order growth stays above consensus

The analyst note expects Kone's third-quarter order intake to rise 5.50 percent in local currencies, versus a 4.50 percent consensus estimate. The 1.00 percentage point gap gives the target cut a measured tone: Deutsche Bank lowered its valuation mark, but its operating view remains above the wider estimate.

MarketScreener also reported that Kone expects to publish its third-quarter report on October 28, 2026. The same analysis points to continued weakness in China, while service revenue and modernization activity are expected to support the business in the second half of 2026.

Second-quarter figures set the baseline

Kone reported EUR 2.94 billion revenue and EUR 0.46 diluted earnings per share for the second quarter of 2026, compared with EUR 2.96 billion and EUR 0.55 expected, respectively, according to Investing.com. Revenue therefore came in EUR 0.02 billion below the cited estimate, a minus 0.68 percent difference, while net income in the quarter was EUR 238.0 million in the financial statements.

Kone's investor materials identify the second quarter of 2026 as the latest published interim period and report EUR 11.2 billion sales for fiscal year 2025, with adjusted EBIT at 12.20 percent of sales, according to KONE. The combination of current order expectations and the prior quarter's earnings comparison leaves modernization and China as the key operating counters to the lower target.

Stock remains below its yearly high

Kone's Nasdaq Helsinki share had a 52-week range of EUR 46.22 to EUR 64.42 on October 2, 2026, while market capitalization stood at EUR 26.5 billion. At EUR 51.26, the stock was EUR 13.16 below the yearly high, a 20.43 percent gap calculated in the same currency.

The further course of trading is shown by the continuously updated real-time quote of Kone stock.