Deutsche Bank keeps Leonardo stock target at EUR 72.00

Published on 10/08/2026 at 11:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half orders reached EUR 16.0 billion, up 45.00 percent. Leonardo stock costs EUR 46.34 on October 8, 2026 versus the EUR 46.05 prior close.

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Leonardo (IT0003856405) stock was trading at EUR 46.34 at Lang & Schwarz on October 8, 2026 at 11:39 a.m. CEST, plus 0.63 percent versus the prior close. According to Zonebourse on October 7, 2026, Deutsche Bank confirmed its Buy recommendation and EUR 72.00 price target for Leonardo.

Deutsche Bank sees further upside

The EUR 72.00 target lies 55.37 percent above the Lang & Schwarz price of EUR 46.34. That spread makes the analyst view a valuation statement rather than a reaction to the modest intraday move in the German euro quote.

Zonebourse reported that Deutsche Bank expects third-quarter revenue growth of 14.00 percent year over year and sees operating free cash flow, excluding IDV, as a possible strength in the period. The report also identified defense electronics and helicopters as important order drivers.

First-half orders set the benchmark

Leonardo's first-half 2026 results provide the operating baseline. According to Leonardo, new orders reached EUR 16.0 billion, up 45.00 percent from the comparable period, while revenue reached EUR 10.0 billion, up 12.00 percent.

Adjusted EBITA was EUR 780.0 million in the first half of 2026, up 34.00 percent year over year, while free operating cash flow was negative EUR 249.0 million, an improvement of 39.00 percent on the comparable period. The mix matters because the order increase is converting into a larger backlog, while cash generation remains the key execution test.

Stock remains below its yearly high

Leonardo's market capitalization was EUR 26.7 billion on October 8, 2026. The 52-week range was EUR 44.25 to EUR 66.26, placing the Lang & Schwarz price 30.06 percent below the upper end and 4.72 percent above the lower end.

The next scheduled reporting date is November 6, 2026, when Leonardo is set to publish results for the nine months ended September 30, 2026. Deutsche Bank's 14.00 percent revenue-growth expectation gives that report a measurable benchmark, while the current price remains closer to the yearly low than to the yearly high.

Leonardo stock holds above EUR 46.00

At Lang & Schwarz, Leonardo stock was trading at EUR 46.34 on October 8, 2026 at 11:39 a.m. CEST, plus 0.63 percent versus the EUR 46.05 prior close. The further course of trading is shown by the continuously updated real-time quote of Leonardo stock.