Goldman cuts target to EUR 38 for Deutsche Telekom stock

Published on 10/16/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Telekom targets EUR 2.5 billion in AI savings by 2030. Deutsche Telekom stock costs EUR 25.87 on October 16, 2026, 1.09 percent above Xetra close.

Artificial intelligence and analyst views

Goldman Sachs cut its Deutsche Telekom target from EUR 40.00 to EUR 38.00 on October 5, 2026.
Deutsche Telekom targets EUR 2.5 billion in AI-related indirect cost savings by 2030.
Deutsche Telekom stock trades at EUR 25.87 at 9:11 a.m. CEST at Lang & Schwarz on October 16, 2026, 1.09 percent above the Xetra close of October 15, 2026.

Techniker spleißt Glasfaserkabel an Fusion-Spleißgerät in Schaltzentrale, schwarz-weiß — Schwarzweiß-Reportagefoto eines Technikers bei der Arbeit an einer Glasfaserspleißmaschine in einer Netzwerkschaltzentrale – dokumentiert die Tiefbauinfrastruktur der Deutsche Telekom AG (ISIN DE0005557508), Illustration mit AI erstellt.

Goldman Sachs cut its price target for Deutsche Telekom stock from EUR 40.00 to EUR 38.00 on October 5, 2026, while retaining its Buy rating, according to Finanzen.at. The revised target keeps the analyst debate centered on artificial intelligence, cost savings and competitive pressure in the United States.

AI savings set the strategic test

Deutsche Telekom said on October 5, 2026, that AI and automation could generate EUR 2.5 billion in indirect cost savings by 2030 compared with 2023, according to Deutsche Telekom. The company also targets EUR 800.0 million in AI-related revenue outside the United States by 2030. These are targets rather than realized earnings, so execution is the central valuation question.

What does the target cut mean?

The answer is a more selective valuation case. Goldman Sachs reduced its target by EUR 2.00, or 5.00 percent, from EUR 40.00 to EUR 38.00, but kept the Buy rating, citing the potential for higher estimates if the savings targets are delivered. Deutsche Bank Research maintained a EUR 40.00 target and Buy rating on October 6, 2026, after the AI investor event, according to Finanzen.at.

Three events shaped the stock

On October 5, 2026, Deutsche Telekom confirmed its outlook and presented AI targets including EUR 2.5 billion in indirect cost savings by 2030, according to Deutsche Telekom. On October 6, 2026, Deutsche Bank Research kept its EUR 40.00 target and Buy rating, according to Finanzen.at. On October 9, 2026, competition concerns linked to a SpaceX spectrum deal pressured Deutsche Telekom and T-Mobile US, according to Finanzen.at.

Key dates for shareholders

Deutsche Telekom will publish third-quarter 2026 results on November 5, 2026, according to Deutsche Telekom. The company has scheduled its 2026 full-year results for February 25, 2027, according to Deutsche Telekom.

Stock trades above the Xetra close

For investors, the contrast is clear: analysts remain positive, but their targets differ by EUR 2.00 and the company still has to convert AI plans into measurable cash generation. Deutsche Telekom stock was trading at EUR 25.87 at Lang & Schwarz on October 16, 2026 at 9:11 a.m. CEST, 1.09 percent above the Xetra close of October 15, 2026 at EUR 25.59. The further course of trading is shown by the continuously updated real-time quote of Deutsche Telekom stock.