Warburg keeps Buy on Deutsche Börse stock with EUR 322 target

Deutsche Börse (ISIN DE0005810055) was trading at EUR 291.05 at Lang & Schwarz on October 2, 2026 at 3:08 p.m. CEST, up 1.43 percent versus the prior close of EUR 286.95. Warburg Research kept its Buy rating and EUR 322.00 price target for the stock on October 2, 2026, putting the latest analyst view at a 10.63 percent premium to the Lang & Schwarz price.

Warburg sees stronger third-quarter revenue

According to finanzen.ch on October 2, 2026, analyst Andreas Pläsier expects Deutsche Börse revenue to rise 10.00 percent to EUR 1.58 billion in the third quarter of 2026, based on July and August business indicators. The report says Warburg Research kept the Buy rating and EUR 322.00 target.

The target comparison is concrete: EUR 322.00 stands EUR 30.95 above the Lang & Schwarz price of EUR 291.05. That gap is larger than the daily move, so the analyst call points to expected operating progress rather than merely reflecting the October 2 trading session.

First-half growth supports the outlook

In the first half of 2026, net revenue without treasury results grew 11.00 percent, while EBITDA without treasury results increased 16.00 percent, according to Yahoo Finance. The overall EBITDA margin expanded to 61.00 percent in that reporting period.

The same first-half 2026 transcript records net profit attributable to Deutsche Börse shareholders at EUR 1.20 billion, up 12.00 percent, with cash earnings per share up 12.00 percent to EUR 6.73. Annual recurring revenue reached EUR 717.00 million, up 14.00 percent in constant currency, giving the growth story a recurring-revenue component alongside trading activity.

Third-quarter date sets the next test

Deutsche Börse's 2026 outlook calls for total net revenue above EUR 6.40 billion, including a treasury result above EUR 0.70 billion, according to the first-half 2026 earnings discussion. The company also expects all-in EBITDA above EUR 3.80 billion for fiscal year 2026.

The investor-relations calendar lists October 20, 2026, for the third-quarter 2026 report and October 21, 2026, for the analyst and investor conference, Deutsche Börse states. Those dates place the forecast EUR 1.58 billion third-quarter revenue figure directly ahead of the next official company update.

Stock trades above prior close

At Lang & Schwarz, Deutsche Börse was trading at EUR 291.05 on October 2, 2026 at 3:08 p.m. CEST, plus 1.43 percent against the EUR 286.95 prior close from October 1, 2026. The primary listing is on Xetra, where the stock is identified by ticker DB1 and is a DAX member.

The further course of trading is shown by the continuously updated real-time quote of Deutsche Börse stock.

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