RBC raises target for Rational stock to EUR 700.00

Published on 10/12/2026 at 09:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 6.00 percent to EUR 642.00 million in 2026. Rational stock costs EUR 591.25 on October 12, 2026 versus EUR 593.50.

Key points in brief

RBC upgraded Rational to Outperform and raised its target from EUR 680.00 to EUR 700.00 on October 9, 2026.
First-half 2026 revenue rose 6.00 percent to EUR 642.00 million, while EBIT increased 11.00 percent to EUR 170.00 million.
Rational stock was trading at EUR 591.25 at Lang & Schwarz on October 12, 2026, minus 0.38 percent versus the Xetra close of EUR 593.50 on October 9, 2026.
Rational is scheduled to publish its first nine-month 2026 statement on November 5, 2026.

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Rational stock (ISIN DE0007010803) was trading at EUR 591.25 at Lang & Schwarz on October 12, 2026 at 9:23 a.m. CEST, down EUR 2.25 or 0.38 percent versus the Xetra close of EUR 593.50 on October 9, 2026. The immediate company catalyst is RBC's October 9 upgrade from Sector Perform to Outperform and its target increase from EUR 680.00 to EUR 700.00, as Yahoo Finance reported.

Three signals shaped the setup

Rational's first-half 2026 revenue reached EUR 642.00 million, up 6.00 percent year over year, while EBIT increased 11.00 percent to EUR 170.00 million. The figures came from the company's second-quarter earnings call, carried by Yahoo Finance.

The chronology is clear: on August 6, 2026, first-half revenue stood at EUR 642.00 million; on October 1, 2026, management reiterated an EBIT margin corridor of 25.00 percent to 26.00 percent; and on October 9, 2026, RBC raised its target to EUR 700.00.

What does the margin mean?

The reported first-half EBIT margin was 26.50 percent, but a EUR 14.00 million tariff refund lifted profitability. Excluding that one-off item, the margin was 24.30 percent, making the distinction important for assessing the 25.00 percent to 26.00 percent full-year guidance. The earnings-call figures and the tariff effect are documented by Yahoo Finance.

Results date sets the next test

Rational's next scheduled company event is the statement on the first nine months of 2026 on November 5, 2026, followed by the Capital Markets Day on November 19, 2026. Both dates appear in the official Rational calendar.

Stock stays below the RBC target

The EUR 591.25 Lang & Schwarz quote sits EUR 108.75 below RBC's EUR 700.00 target, but the two values represent different reference points and are not a forecast. The same-day market capitalization was EUR 6.7 billion, while the 52-week range was EUR 553.50 to EUR 776.50.

The primary listing is Xetra, where Rational stock closed at EUR 593.50 on October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Rational stock.