Deutsche Bank raises target for At&S stock from EUR 320 to EUR 380
Published on 10/15/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFinancing and reporting dates
- AT&S will redeem a EUR 350.00 million bond on October 22, 2026.
- Revenue reached EUR 548.70 million in the first quarter of fiscal 2026/27.
- At&S stock traded at EUR 176.80 at 10:43 a.m. CEST at Lang & Schwarz on October 15, 2026.
- Deutsche Bank raised its target to EUR 380.00 on October 8, 2026.
At&S (ISIN AT0000969985) was trading at EUR 176.80 at Lang & Schwarz on October 15, 2026 at 10:43 a.m. CEST. Boerse Social reported on October 8, 2026 that Deutsche Bank raised its target for the stock from EUR 320.00 to EUR 380.00 and reaffirmed a Buy rating.
Financing costs are the catalyst
The latest corporate event is a planned refinancing step. According to Placera, AT&S will redeem its EUR 350.00 million 2022 hybrid bond on October 22, 2026, at the first available call date. The new hybrid convertible bond carries a coupon 50.00 percent below the old instrument, which should reduce recurring financing costs once the transaction is completed.
The balance-sheet angle matters because the redemption will be funded from existing liquidity. The company said the refinancing also strengthens its financial flexibility and capital structure.
Three dates and figures
The chronology is clear. On June 30, 2026, AT&S reported revenue of EUR 548.70 million for the first quarter of fiscal 2026/27, up 37.50 percent year over year, according to TickerLandia. On October 8, Deutsche Bank lifted its target from EUR 320.00 to EUR 380.00, as reported by Boerse Social. The current event is the October 22 bond redemption worth EUR 350.00 million, covered by Placera.
What changes before November 5?
Two dates frame the next assessment. The hybrid bond redemption is scheduled for October 22, 2026, while the next quarterly results are scheduled for November 5, 2026, according to TickerLandia. The results will show whether the EUR 548.70 million quarterly revenue base and the 30.10 percent EBITDA margin reported for the first quarter carried into the next reporting period.
Price stays in view
The market value and the financing decision now point to two tests: whether lower recurring financing costs can support earnings and whether the growth profile justifies Deutsche Bank's EUR 380.00 target. The stock was trading at EUR 176.80 at Lang & Schwarz on October 15, 2026 at 10:43 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of At&S stock.
At&S stock key data
- Company: AT&S Austria Technologie & Systemtechnik AG
- ISIN: AT0000969985
- WKN: 922230
- Ticker: ATS
- Primary exchange: Vienna Stock Exchange
- Price Lang & Schwarz (as of October 15, 2026, 10:43 a.m. CEST): EUR 176.80
- Market capitalization: EUR 6.8 billion (as of October 15, 2026)
- 52-week range: EUR 25.00-EUR 242.00 (as of October 15, 2026)
- Sector / Industry: Technology / semiconductors and printed circuit boards
- Index membership: ATX
- Next earnings date: November 5, 2026
Market context: Market report ATX.
