Bank of America raises forecasts for Telekom stock by 1.00 percent

Published on 10/26/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Telekom's third-quarter results are due November 5, 2026. Telekom stock costs EUR 25.05 on October 26, 2026, 1.18 percent below the Xetra close.

Forecasts and trading context

Bank of America lifted its 2026 revenue and EBITDAaL forecasts by 1.00 percent on October 23, 2026.
The third-quarter revenue consensus was EUR 30.98 billion versus EUR 30.47 billion on October 23, 2026.
Telekom stock trades at EUR 25.05 at 11:01 a.m. CEST at Lang & Schwarz on October 26, 2026, 1.18 percent below the Xetra close of October 23, 2026.

Techniker spleißt Glasfaserkabel an Fusion-Spleißgerät in Schaltzentrale, schwarz-weiß — Schwarzweiß-Reportagefoto eines Technikers bei der Arbeit an einer Glasfaserspleißmaschine in einer Netzwerkschaltzentrale – dokumentiert die Tiefbauinfrastruktur der Deutsche Telekom AG (ISIN DE0005557508), Illustration mit AI erstellt.

Telekom (ISIN DE0005557508) is facing a more demanding forecast debate after Bank of America raised its 2026 revenue and EBITDAaL forecasts by 1.00 percent on October 23, 2026, according to Boerse Global. The bank attributed the change mainly to currency effects, while competition in the US telecommunications market remains a central valuation issue.

Three events reshape the debate

On October 5, 2026, Deutsche Telekom held an AI Investor Day in Bonn; a company target for EUR 800.00 million in annual AI revenue by 2030 was reported by Boerse Express. On October 20, 2026, Barclays cut its price target from EUR 35.00 to EUR 32.00 while retaining an Overweight rating, the same report said. On October 23, 2026, Bank of America raised both its 2026 revenue and EBITDAaL forecasts by 1.00 percent, according to Boerse Global.

What must the results prove?

The immediate test is whether operational growth can support the higher forecasts without relying only on exchange rates. Boerse Global reported a third-quarter revenue expectation of EUR 30.98 billion against a market consensus of EUR 30.47 billion on October 23, 2026. That EUR 0.51 billion gap makes revenue quality and the underlying EBITDAaL trend important measures for the next update.

Two dates set the timetable

Deutsche Telekom's investor-relations calendar lists the third-quarter 2026 results for November 5, 2026, and the fourth-quarter and full-year 2026 results for February 25, 2027, according to Deutsche Telekom. The November release should clarify how much of the forecast improvement reflects currency rather than customer demand or efficiency.

Stock stays below its Xetra close

At 11:01 a.m. CEST on October 26, 2026, the euro quotation was EUR 25.05 at Lang & Schwarz. That is EUR 0.30, or 1.18 percent, below the Xetra close of October 23, 2026 at EUR 25.35. The market reaction therefore remains weaker than the forecast revisions, leaving the November results as the next concrete test of the investment case.

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