Rheinmetall stock: UBS cuts target for Rheinmetall stock to EUR 1,360.00

Published on 10/23/2026 at 15:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results arrive online on November 5, 2026. Rheinmetall stock costs EUR 1,011.70 on October 23, 2026, 0.33 percent below the Xetra close.

Analyst decision and reporting date

UBS lowered its Rheinmetall price target to EUR 1,360.00 on October 20, 2026.
Rheinmetall will publish third-quarter 2026 results on November 5, 2026.
Rheinmetall stock costs EUR 1,011.70 at Lang & Schwarz on October 23, 2026 at 3:37 p.m. CEST, 0.33 percent below the Xetra close of October 22, 2026.
The price-to-earnings ratio is 65.85 and market capitalization is EUR 47.2 billion as of October 23, 2026.

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Rheinmetall (ISIN DE0007030009) saw UBS cut its price target from EUR 1,600.00 to EUR 1,360.00 on October 20, 2026, while retaining its Buy rating, according to onvista. At Lang & Schwarz on October 23, 2026 at 3:37 p.m. CEST, the stock was trading at EUR 1,011.70, down 0.33 percent versus the Xetra close of October 22, 2026 at EUR 1,015.00.

What does the lower target imply?

The revised UBS target remains EUR 348.30 above the Lang & Schwarz price, equal to 34.43 percent upside from EUR 1,011.70. The target cut was paired with a continuing Buy rating, while UBS analyst Sven Weier called for more conservative goals at the capital markets day, according to onvista.

Stock sits 48.03 percent below high

Rheinmetall's dated Xetra range ran from EUR 900.20 to EUR 1,946.54, with the current Lang & Schwarz price 12.38 percent above the low and 48.03 percent below the high. The Xetra session on October 22, 2026 recorded 81,124 shares traded, according to WELT.

Valuation meets two key dates

Rheinmetall had a market capitalization of EUR 47.2 billion and a price-to-earnings ratio of 65.85 as of October 23, 2026. The company is scheduled to publish third-quarter 2026 results on November 5, 2026, followed by its capital markets day from November 25 to November 27, 2026, according to the Rheinmetall investor calendar.

Comparison with peers

Rheinmetall: down 0.33 percent, price-to-earnings ratio 65.85, market capitalization EUR 47.2 billion.
Hensoldt (Xetra, EUR): down 0.60 percent, price-to-earnings ratio 80.27, market capitalization EUR 9.6 billion.
Leonardo (Milan Stock Exchange, EUR): down 0.39 percent, price-to-earnings ratio 24.69, market capitalization EUR 27.8 billion.

Price and upcoming catalysts

The current quotation places Rheinmetall 34.43 percent below the UBS target and 48.03 percent below its 52-week high. The November 5 results will provide the next scheduled test for revenue, earnings and the company's full-year outlook.

Rheinmetall was trading at EUR 1,011.70 at Lang & Schwarz on October 23, 2026 at 3:37 p.m. CEST, 0.33 percent below the Xetra close of October 22, 2026 at EUR 1,015.00. The further course of trading is shown by the continuously updated real-time quote of Rheinmetall stock.