Deutsche Bank held target at EUR 8.00 for Lufthansa stock

Published on 10/26/2026 at 09:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Bank kept its EUR 8.00 target on October 20, 2026. Lufthansa stock costs EUR 7.10 on October 26, 2026, 1.81 percent above the Xetra close.

TAP plans and earnings dates

Lufthansa became TAP's preferred partner on October 14, 2026, for a 44.90 percent stake.
Second-quarter 2026 revenue reached EUR 11.10 billion and adjusted EBIT EUR 383.00 million.
Lufthansa stock trades at EUR 7.10 at 9:41 a.m. CET at Lang & Schwarz on October 26, 2026, 1.81 percent above the Xetra close of October 23, 2026.

Bauhaus-Poster mit geometrischem Flugzeug, FLY SINCE 1953 — Vintage-Bauhaus-Poster für Deutsche Lufthansa AG (ISIN DE0008232125): Geometrisch stilisiertes Flugzeug in kräftigen Primärfarben mit konstruktivistischem Rasterlayout und den Aufschriften FLY und SINCE 1953 im Bauhaus-Stil, Illustration mit AI erstellt.

Deutsche Bank Research kept its Hold rating and EUR 8.00 price target for Lufthansa on October 20, 2026, according to DER AKTIONÄR. Lufthansa stock was trading at EUR 7.10 at Lang & Schwarz on October 26, 2026 at 9:41 a.m. CET, 1.81 percent above the Xetra close of October 23, 2026 at EUR 6.97.

Three milestones shaped the backdrop

The company's recent story combines network expansion with pressure on operating profit. On April 28, 2026, Lufthansa said it would acquire a further 49 percent of ITA Airways for EUR 325.00 million, raising its stake to 90 percent, according to Lufthansa Group.

On August 4, 2026, second-quarter revenue rose 8.00 percent to EUR 11.10 billion, while adjusted EBIT fell to EUR 383.00 million amid higher fuel costs, the company said in its newsroom. On October 14, 2026, Lufthansa became Portugal's preferred partner for a 44.90 percent TAP Air Portugal stake valued at EUR 1.025 billion, as Boerse Express reported.

What does TAP mean for earnings?

The transaction is a strategic option rather than a completed acquisition. Deutsche Bank's October 20 note highlighted network benefits, while Lufthansa management has put potential annual synergies at up to EUR 450.00 million, according to Boerse Express. That figure is a target for future cooperation, not a contribution already included in earnings.

Two dates define the next test

Lufthansa is scheduled to publish its third-quarter 2026 results on November 3, 2026, according to the company's financial calendar cited by Boerse Express. The company also plans the first scheduled Airbus A350-1000 flight from Munich to Tokyo on December 3, 2026, according to Lufthansa Group.

Stock price and operating test

The current valuation debate therefore has two parts: whether TAP can add network value and whether fuel costs continue to pressure margins. The second-quarter adjusted EBIT of EUR 383.00 million provides the latest reported profitability reference before the November results.

Lufthansa was trading at EUR 7.10 at Lang & Schwarz on October 26, 2026 at 9:41 a.m. CET, 1.81 percent above the Xetra close of October 23, 2026 at EUR 6.97. The further course of trading is shown by the continuously updated real-time quote of Lufthansa stock.