Thales stock trades at EUR 224.10 as target drops to EUR 250.00

Thales stock (ISIN FR0000121329) was trading at EUR 224.10 at Lang & Schwarz on September 30, 2026, down 0.71 percent versus the prior close of EUR 225.70. The key market signal is a lower analyst target: Bernstein retained its outperform rating but cut the target from EUR 290.00 to EUR 250.00 on September 29, 2026, according to BFM Bourse.

Bernstein lowers the target

The revised EUR 250.00 target keeps the rating positive, but it also sets a more demanding test for execution. Bernstein cited 13 percent defense growth in the second quarter of 2026 and an improving cyber business, while warning that long-term defense growth expectations through 2030 already look ambitious.

First half delivers growth

Thales reported EUR 10.9 billion of first-half 2026 revenue, up 6.7 percent, alongside EUR 1.15 billion of EBITDA, EUR 485.0 million of net income and EUR 1.865 billion of free cash flow, according to Ideal Investor. The same report cited 2026 revenue guidance of EUR 23.6 billion and an adjusted EBIT margin range of 12.6 percent to 12.8 percent.

The comparison matters because the defense business is carrying much of the growth story, while cyber profitability remains a separate execution issue. Investors will receive the next quantified checkpoint when Thales reports third-quarter revenue on October 22, 2026, a date listed by Boursorama.

Stock remains near yearly low

At EUR 224.10, the Lang & Schwarz price sits within the reported EUR 212.60 to EUR 279.30 52-week range. Thales had a market capitalization of EUR 46.3 billion on September 30, 2026, while its Euronext Paris quotation remained part of the CAC 40.

Thales stock trades at EUR 224.10

Thales stock was trading at EUR 224.10 at Lang & Schwarz on September 30, 2026 at 4:01 p.m. CEST, down 0.71 percent versus the Lang & Schwarz prior close of EUR 225.70 on September 29, 2026. The next major company date is October 22, 2026.

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