Morgan Stanley sets CHF 1,130 target for Belimo stock

Published on 10/02/2026 at 12:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half sales rose 20.50 percent to CHF 676 million. Belimo stock costs EUR 867.75 versus EUR 847.50, plus 2.39 percent on October 2, 2026.

Editorielle Aufnahme eines Börsenhandelsraums mit Kurscharts der Schweizer Börse — Belimo Holding AG (ISIN CH1101098163): Börsen-Editorial zeigt Trading-Floor mit Charts der SIX Swiss Exchange, Illustration mit AI erstellt.

Belimo stock was trading at EUR 867.75 at Lang & Schwarz on October 2, 2026 at 12:36 p.m. CEST, up 2.39 percent from the EUR 847.50 prior close. The latest analyst signal came from Morgan Stanley, which set a CHF 1,130.00 price target and kept a Buy rating on September 3, 2026, according to Investing.com.

Data centers drive the latest growth

Belimo reported sales of CHF 676.0 million in the first half of 2026, up 20.50 percent in Swiss francs from the first half of 2025. The company also reported EBIT of CHF 153.0 million and an EBIT margin of 22.50 percent for the same period, according to Yahoo Finance.

Data centers represented 23.00 to 24.00 percent of group turnover in the first half of 2026, compared with 18.00 percent in the second half of 2025. That mix shift gives the company a structural growth lever beyond the broader construction market.

Margins stay above 20 percent

Management expects continued strong demand in the second half of 2026 and an EBIT margin above 20.00 percent, while higher costs and foreign-exchange volatility remain operating variables. First-half net income reached CHF 124.90 million, a 23.00 percent increase from the comparable period, according to Moneycab.

Stock trades below yearly high

The SIX-listed shares had a CHF 608.50 to CHF 969.50 52-week range on October 2, 2026, while market capitalization stood at CHF 9.9 billion. The Lang & Schwarz price was 10.49 percent below the CHF 969.50 yearly high, calculated in the same currency only for the SIX reference range.

Belimo's valuation now rests on whether data-center deployment can sustain the first-half growth rate while capacity investments and currency movements moderate margins. The CHF 1,130.00 Morgan Stanley target is 40.37 percent above the CHF 805.00 SIX price quoted at 12:25 p.m. CEST on October 2, 2026, a separate primary-exchange reference.

Lang & Schwarz quote sets the reference

Belimo stock was trading at EUR 867.75 at Lang & Schwarz on October 2, 2026 at 12:36 p.m. CEST, plus 2.39 percent versus the EUR 847.50 prior close. The further course of trading is shown by the continuously updated real-time quote of Belimo stock.