Jefferies lifts target for ThyssenKrupp stock to EUR 16.50

Published on 10/09/2026 at 12:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 4.84 percent to EUR 8.79 billion in the third quarter. ThyssenKrupp stock costs EUR 13.54 on October 9, 2026 after EUR 12.99.

Key points in brief

Jefferies raised its ThyssenKrupp price target from EUR 13.00 to EUR 16.50 on October 6, 2026, while retaining a Buy rating.
ThyssenKrupp Steel targets adjusted EBITDA of at least EUR 1.20 billion and an adjusted EBITDA margin of at least 11.00 percent.
The Lang & Schwarz price was EUR 13.54 on October 9, 2026, up 4.23 percent from the EUR 12.99 prior close.
The company lists a November 4, 2026, investor-relations roadshow and a December 8, 2026, annual report date.

Flatlay-Arrangement mit Zertifikat, ISIN-Karte, Zahnrad und Aufzugmodell — thyssenkrupp AG (DE0007500001): Flatlay mit Aktienzertifikat, ISIN-Karte, Stahlzahnrad, Metallmuster und einem kleinen Miniaturaufzug, Illustration mit AI erstellt.

On October 6, 2026, Jefferies raised its price target for ThyssenKrupp stock from EUR 13.00 to EUR 16.50 and retained its Buy rating, as finanzen.at reported. At Lang & Schwarz, the stock was trading at EUR 13.54 on October 9, 2026 at 12:40 p.m. CEST, up 4.23 percent versus the prior close of EUR 12.99.

Steel targets set a higher bar

On September 28, 2026, thyssenkrupp Steel set a medium-term target of at least EUR 1.20 billion in adjusted EBITDA and an adjusted EBITDA margin of at least 11.00 percent. The company also expects positive free cash flow and more than EUR 800.00 million of earnings improvement from self-help measures, according to thyssenkrupp.

What does the Steel target mean for earnings?

The target is materially above the EUR 400.00 million adjusted EBITDA expectation for the fiscal year ending September 30, 2026, cited by Stock-World. The comparison points to execution as the central issue: the medium-term ambition requires adjusted EBITDA to increase by EUR 800.00 million from that reference level, before any further benefit from a stronger steel market.

Operating figures already show a higher base. In the third quarter of fiscal 2025/2026, revenue reached EUR 8.79 billion, up 4.84 percent from EUR 8.38 billion in the prior quarter, while operating profit rose to EUR 239.00 million from EUR 93.00 million, based on the latest quarterly financial data.

Three milestones shape the story

On September 28, 2026, the Steel division presented the EUR 1.20 billion adjusted EBITDA ambition and 11.00 percent margin target in its Capital Market Day release. On October 3, 2026, Stock-World highlighted third-quarter revenue of EUR 8.80 billion and adjusted EBIT of EUR 183.00 million. On October 6, 2026, Jefferies lifted its target from EUR 13.00 to EUR 16.50, the latest dated analyst action.

Upcoming dates for ThyssenKrupp

The investor-relations calendar lists a London roadshow for November 4, 2026, while Stock-World cites December 8, 2026, for publication of the fiscal 2025/2026 annual report. Those dates give the market two checkpoints for progress on the Steel plan and the wider group transformation.

Stock trades above prior close

The Lang & Schwarz quote stood at EUR 13.54 on October 9, 2026 at 12:40 p.m. CEST, plus 4.23 percent versus the EUR 12.99 prior close of October 8, 2026. The 52-week range was EUR 7.12 to EUR 15.87 as of October 9, 2026, leaving the quote below its yearly high while the analyst target remains above the market price. The further course of trading is shown by the continuously updated real-time quote of ThyssenKrupp stock.