JPMorgan raises target for Talanx stock from EUR 125 to EUR 140

Published on 10/26/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached EUR 725.0 million, down 5.7 percent. Talanx stock costs EUR 124.60 on October 26, 2026, 0.56 percent below the Xetra close.

Analyst target and earnings dates

On October 21, 2026, JPMorgan lifted its Talanx target to EUR 140.00 from EUR 125.00.
Second-quarter 2026 net income reached EUR 725.0 million, down 5.7 percent year over year.
Talanx stock trades at EUR 124.60 at 10:32 a.m. CET at Lang & Schwarz on October 26, 2026, 0.56 percent below the Xetra close of October 23, 2026.
Talanx is scheduled to publish its third-quarter 2026 results on November 12, 2026.

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Talanx (DE000TLX1005) was trading at EUR 124.60 at Lang & Schwarz on October 26, 2026 at 10:32 a.m. CET, down 0.56 percent versus the Xetra close of October 23, 2026. JPMorgan raised its price target for the insurer from EUR 125.00 to EUR 140.00 on October 21, 2026, according to MarketScreener.

JPMorgan resets the target

The new target followed an increase in JPMorgan's estimate for Talanx's 2026 net income by 2.00 percent. The bank kept its Overweight rating ahead of the company's third-quarter results, which are scheduled for November 12, 2026.

What does the earnings trend show?

Talanx's second-quarter 2026 revenue reached EUR 10.5 billion, down 22.00 percent from the same quarter of 2025, while net income fell 5.70 percent to EUR 725.0 million. The net profit margin nevertheless rose to 6.90 percent from 5.70 percent, according to Simply Wall St.

Three dates frame the story

On May 13, 2026, Talanx reported first-quarter net income of EUR 774.0 million; on August 16, 2026, second-quarter net income was EUR 725.0 million; and on October 21, 2026, JPMorgan raised its target to EUR 140.00. The sequence points to a valuation debate centered on profit delivery rather than revenue growth.

Which dates matter next?

Talanx published its first-half 2026 record result on August 14, 2026, and its investor-relations calendar sets November 12, 2026, for results covering the period ended September 30, 2026, according to Talanx. That report will test whether the stronger margin can offset the lower second-quarter revenue base.

Stock stays below its yearly high

Talanx has a market capitalization of EUR 32.3 billion as of October 26, 2026. The 52-week range is EUR 97.65 to EUR 128.80, placing the current Lang & Schwarz price EUR 4.20 below the high, or 3.26 percent lower.

Talanx was trading at EUR 124.60 at Lang & Schwarz on October 26, 2026 at 10:32 a.m. CET, 0.56 percent below the Xetra close of October 23, 2026 at EUR 125.30. The further course of trading is shown by the continuously updated real-time quote of Talanx stock.