Deutsche Bank keeps EUR 3.50 target for HelloFresh stock

Published on 10/22/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue is expected to fall 11.00 to 12.00 percent on September 24, 2026. HelloFresh stock costs EUR 3.04, 0.65 percent below the Xetra close.

Guidance and analyst targets

Deutsche Bank Research retained a EUR 3.50 target on October 21, 2026.
HelloFresh guided to a 9.00 to 11.00 percent revenue decline and EUR 350 million to EUR 370 million adjusted EBITDA for fiscal year 2026.
HelloFresh stock trades at EUR 3.04 at 12:09 p.m. CEST at Lang & Schwarz on October 22, 2026, 0.65 percent below the Xetra close of October 21, 2026.

Bauhaus-Poster in Rot, Gelb und Schwarz mit MDAX-Schriftzug und Lieferfahrer-Silhouette — HelloFresh SE (DE000A161408) ist im MDAX gelistet, symbolisiert durch ein geometrisches Bauhaus-Poster mit Lieferbote-Motiv, Illustration mit AI erstellt.

HelloFresh (ISIN DE000A161408) stock has a EUR 3.50 target retained by Deutsche Bank Research on October 21, 2026, according to Aktiencheck. At Lang & Schwarz, the stock was trading at EUR 3.04 on October 22, 2026, down 0.65 percent versus the Xetra close.

Guidance sets the central test

HelloFresh had cut its fiscal year 2026 outlook on September 24, 2026, after weaker customer acquisition during the back-to-school period. The company projected constant-currency revenue down 9.00 to 11.00 percent, compared with its previous outlook for a decline at the bottom end of 3.00 to 6.00 percent, according to HelloFresh.

The same release lowered fiscal year 2026 adjusted EBITDA guidance to EUR 350 million to EUR 370 million from EUR 375 million to EUR 425 million. The company also expected third-quarter revenue to decline 11.00 to 12.00 percent year over year, versus a 6.80 percent consensus decline.

What does the target imply?

Deutsche Bank kept its Hold rating and EUR 3.50 target on October 21, 2026, while its cited forecast called for roughly EUR 6.00 billion of fiscal year revenue and EUR 350 million of operating profit. The target sits EUR 0.46 above the Lang & Schwarz price, a comparison that leaves the forecast sensitive to customer acquisition and marketing efficiency.

Three dates show the reset

On August 13, 2026, HelloFresh reported second-quarter revenue of EUR 1.55 billion and adjusted EBITDA of EUR 120.60 million, according to Yahoo Finance. On September 24, 2026, management reduced fiscal year guidance, and on October 21, 2026, Deutsche Bank retained its EUR 3.50 target.

Next reporting date

HelloFresh is scheduled to publish its third-quarter and first-nine-month 2026 financial statements on November 5, 2026, according to the company release.

Price stays below the target

The euro quote gives investors a live measure of how the guidance reset is being priced. HelloFresh was trading at EUR 3.04 at Lang & Schwarz on October 22, 2026 at 12:09 p.m. CEST, 0.65 percent below the Xetra close of October 21, 2026 at EUR 3.06.

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