UBS upgrades Voestalpine stock to Buy with EUR 64 target

Published on 10/09/2026 at 12:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter EBIT reached EUR 307.00 million in 2026/27. Voestalpine stock costs EUR 44.67 on October 9, 2026 after EUR 42.32, plus 5.55 percent.

Key points in brief

UBS upgraded Voestalpine to Buy and set a EUR 64.00 price target on October 9, 2026.
First-quarter fiscal 2026/27 EBIT reached EUR 307.00 million, up 78.80 percent year over year.
Voestalpine stock was trading at EUR 44.67 at Lang & Schwarz on October 9, 2026, up 5.55 percent versus EUR 42.32.
The company is scheduled to publish second-quarter fiscal 2026/27 results on November 11, 2026.

Voestalpine, AT0000937503, Illustration mit AI erstellt.

Voestalpine stock (ISIN AT0000937503) was trading at EUR 44.67 at Lang & Schwarz on October 9, 2026 at 12:50 p.m. CEST, up 5.55 percent versus the EUR 42.32 prior close. On October 9, 2026, Investing.com reported that UBS upgraded Voestalpine from Neutral to Buy and set a EUR 64.00 price target. The target stands 43.27 percent above the Lang & Schwarz price.

Three dated milestones

On August 5, 2026, Voestalpine published first-quarter fiscal 2026/27 figures showing revenue of EUR 3.99 billion and EBIT of EUR 307.00 million, up 78.80 percent year over year, according to Stock-World. On September 22, 2026, EQS News reported that Railway Systems revenue is targeted to rise from EUR 2.20 billion to EUR 3.00 billion by fiscal 2030/31. On October 9, 2026, UBS set its EUR 64.00 target after upgrading the stock to Buy.

What supports the higher target?

UBS linked its view to tighter European steel supply after new import quotas, while it still expects Voestalpine earnings below consensus in the third quarter because of weak summer demand, lower steel prices and higher energy costs. That contrast matters: the current target reflects a longer-term supply thesis, while near-term earnings remain exposed to industrial demand.

Voestalpine's management retained an EBITDA guidance range of EUR 1.60 billion to EUR 1.85 billion for fiscal 2026/27, according to Trading-Treff. The company also plans to start its first electric arc furnaces in Linz and Donawitz in the first half of 2027, linking the transformation program to future production costs.

Dates point to November

voestalpine lists November 11, 2026 for the publication of second-quarter fiscal 2026/27 results and February 10, 2027 for third-quarter results. The next report will show whether the first-quarter EBIT increase can persist while European demand remains uneven.

Stock price and company profile

Voestalpine had a market capitalization of EUR 7.6 billion and a 52-week range of EUR 29.68 to EUR 49.22 as of October 9, 2026. In fiscal year 2025/26, the group generated revenue of EUR 15.1 billion and EBITDA of EUR 1.5 billion, according to voestalpine. The further course of trading is shown by the continuously updated real-time quote of Voestalpine stock.