mwb Research raises target for Secunet stock from EUR 210.00 to EUR 240.00

Published on 10/15/2026 at 13:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

mwb Research kept its Hold rating on October 9, 2026. Secunet stock costs EUR 229.50 on October 15, 2026, 7.27 percent below the Xetra close.

Analyst view meets operating momentum

On October 9, 2026, mwb Research raised its target from EUR 210.00 to EUR 240.00.
First-half 2026 sales reached EUR 204.70 million, up 19.20 percent year over year.
Secunet stock trades at EUR 229.50 at 1:45 p.m. CEST at Lang & Schwarz on October 15, 2026, 7.27 percent below the Xetra close of October 14, 2026.

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Secunet stock (ISIN DE0007276503) was trading at EUR 229.50 at Lang & Schwarz on October 15, 2026, at 1:45 p.m. CEST, while mwb Research had raised its target from EUR 210.00 to EUR 240.00 on October 9, 2026, according to 4investors. The unchanged Hold rating leaves the analyst target below the latest euro quote.

Three events shaped the stock

On September 23, 2026, Germany prepared an encryption technology order worth up to EUR 1.70 billion for armed-forces data networks, with first deliveries valued at more than EUR 100.00 million due in 2027, as Reuters reported.

On October 6, 2026, Secunet announced a partnership with Bechtle covering SINA and secunet edge solutions, while the stock gained 5.20 percent that day, according to Goldesel. On October 9, 2026, mwb Research raised its target from EUR 210.00 to EUR 240.00 and retained Hold, according to ResearchHub.

What does the framework mean for growth?

The SINA framework offers a large ceiling, but it is not booked revenue. The Reuters report puts the agreement at up to EUR 1.70 billion over four years, while the first order is expected to exceed EUR 100.00 million. Actual sales depend on individual call-offs, budgets and delivery schedules.

Secunet entered this debate with stronger operating figures. ResearchHub reports first-half 2026 sales of EUR 204.70 million, up 19.20 percent from EUR 171.70 million in first-half 2025. EBITDA rose to EUR 19.20 million from EUR 16.70 million, while EBIT increased to EUR 8.70 million from EUR 7.20 million. The reported EBIT margin was 4.20 percent in both periods.

Next date is November 12

Secunet's investor-relations calendar lists November 12, 2026, for the group quarterly statement covering the period ended September 30, 2026. That release is the next scheduled test of order conversion and the 2026 outlook, which calls for revenue of EUR 460.00 million to EUR 500.00 million and EBIT of EUR 53.00 million to EUR 58.00 million, according to secunet.

Stock trades below the Xetra close

At EUR 229.50, the Lang & Schwarz quote is EUR 18.00, or 7.27 percent, below the Xetra close of EUR 247.50 on October 14, 2026. The price target of EUR 240.00 is 4.58 percent above the current euro quote, so the analyst view remains a valuation reference rather than a fresh earnings trigger.

The stock was trading at EUR 229.50 at Lang & Schwarz on October 15, 2026, at 1:45 p.m. CEST, 7.27 percent below the Xetra close of EUR 247.50 on October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of Secunet stock.