Deutsche Börse stock trades at EUR 284.80 as Warburg lifts target

Deutsche Börse stock (ISIN DE0005810055) was last quoted at EUR 284.80 on Xetra on September 25, 2026, up 0.71 percent for the session. The latest investment case combines upgraded treasury expectations, double-digit first-half growth and a higher Warburg Research price target.

Guidance clears EUR 6.4 billion

In its Q2 FY2026 earnings call dated July 23, 2026, Yahoo Finance reported that Deutsche Börse expects 2026 total net revenue above EUR 6.4 billion and all-in EBITDA above EUR 3.8 billion. The upgrade comes from the treasury result, which is expected to exceed EUR 0.7 billion, while core guidance remains EUR 5.7 billion of net revenue and EUR 3.1 billion of EBITDA without treasury results.

The same Q2 call reported first-half net revenue growth of 11 percent without the treasury result and EBITDA growth of 16 percent on that basis. Net profit attributable to Deutsche Börse shareholders increased 12 percent to EUR 1.2 billion, while Cash EPS also increased 12 percent to EUR 6.73.

Warburg raises its target

On September 8, 2026, Warburg Research maintained its Buy rating and raised its price target from EUR 312.00 to EUR 322.00, according to MarketScreener. The new target stands 13.06 percent above the Xetra price of EUR 284.80, creating a clear quantified gap between the latest market snapshot and the analyst view.

The next scheduled checkpoint is Deutsche Börse's Q3 2026 report on October 20, 2026, followed by the analyst and investor conference on October 21, 2026, according to the company's Deutsche Börse investor-relations calendar. That date puts the treasury contribution and operating leverage at the center of the next results discussion.

Stock stays near EUR 285.00

Deutsche Börse was last quoted at EUR 284.80 on Xetra on September 25, 2026, with a daily gain of 0.71 percent. The price snapshot, the 2026 guidance and the raised EUR 322.00 target frame the stock's next valuation debate.

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