Deutsche Bank cuts target for Mercedes-Benz stock to EUR 70

Published on 10/02/2026 at 15:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached EUR 32.1 billion and adjusted EBIT EUR 2.3 billion. Mercedes-Benz stock traded at EUR 39.87 on October 2, 2026, versus EUR 40.19.

Isometrische Illustration einer Fahrzeug-Wertschöpfungskette mit Robotern — Isometrische 3D-Grafik zeigt die Wertschöpfungskette der Automobilproduktion bei der Mercedes-Benz Group AG (DE0007100000), Illustration mit AI erstellt.

Mercedes-Benz Group (ISIN DE0007100000) faces a lower analyst target after Deutsche Bank Research cut its price target from EUR 73.00 to EUR 70.00 on September 29, 2026, while retaining a Buy rating, as finanzen.net reported. The note identified China as the group's largest structural challenge.

China pressure meets firm Q2 figures

Mercedes-Benz generated group revenue of EUR 32.1 billion in the second quarter of 2026, while adjusted group EBIT reached EUR 2.3 billion, according to the company's Mercedes-Benz key figures. Free cash flow from the industrial business was EUR 1.1 billion in the same period.

The operating picture is mixed rather than uniform: the official Q2 figures show substantial cash generation, while Deutsche Bank's target reduction points to a lower valuation ceiling as competition in China weighs on the outlook. The EUR 70.00 target remains 75.57 percent above the Lang & Schwarz price of EUR 39.87, calculated against the same euro price.

Q3 date sets the next checkpoint

Mercedes-Benz's investor-relations calendar lists its Q3 2026 interim report for October 28, 2026, with a pre-close call scheduled for October 8, 2026, according to the Mercedes-Benz investor-relations page. Those dates give the market a defined test for the company's full-year outlook and China-related assumptions.

A second analyst signal came from Berenberg, which cut its price target from EUR 56.00 to EUR 52.00 on September 15, 2026, while keeping a Hold rating, according to MarketScreener. The contrast with Deutsche Bank's Buy rating leaves the analyst picture divided on how quickly Mercedes-Benz can improve its competitive position in China.

Mercedes-Benz stock near its yearly low

Mercedes-Benz stock was trading at EUR 39.87 at Lang & Schwarz on October 2, 2026 at 3:06 p.m. CEST, down 0.80 percent versus the EUR 40.19 prior close at Lang & Schwarz on October 1, 2026. Its market capitalization was EUR 38.2 billion as of October 2, 2026, while the 52-week range was EUR 39.77 to EUR 62.34. The further course of trading is shown by the continuously updated real-time quote of Mercedes-Benz stock.