Jefferies raises target for Linde stock from USD 560 to USD 591

Published on 10/26/2026 at 10:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Linde will release third-quarter results October 29, 2026. Linde stock costs EUR 455.10 on October 26, 2026, 0.15 percent below the Xetra close.

Targets and reporting date

Linde doubled oxygen, nitrogen and argon capacity for Tata Steel on October 21, 2026.
Jefferies lifted its target by USD 31.00 on October 23, 2026.
Linde stock trades at EUR 455.10 at 9:50 a.m. CET at Lang & Schwarz on October 26, 2026, 0.15 percent below the Xetra close of October 23, 2026.
Linde will publish third-quarter 2026 results on October 29, 2026.

Industriegasanlage mit Tanks und Dampf bei Sonnenaufgang, Symbolbild für Linde plc — Fotorealistische Aufnahme einer Industriegas-Anlage bei Sonnenaufgang symbolisiert das Unternehmen Linde plc, ISIN IE000S9YS4E6, Chemiesektor heute, Illustration mit AI erstellt.

Linde stock was trading at EUR 455.10 at Lang & Schwarz on October 26, 2026, at 9:50 a.m. CET, 0.15 percent below the Xetra close of October 23, 2026, at EUR 455.80. The latest catalyst is Jefferies' target increase from USD 560.00 to USD 591.00 on October 23, 2026, as reported by MarketScreener.

Capacity adds an operating signal

The company expanded its long-term industrial-gas supply agreement with Tata Steel on October 21, 2026. According to Linde, two air-separation units lifted its total Kalinganagar capacity to more than 7,000 tons of oxygen per day. Tata Steel's annual production capacity at the Indian complex is expected to rise from 3 million tons to 8 million tons.

Linde's latest reported quarter provides the financial comparison. In the second quarter of 2026, revenue reached USD 9.29 billion, up 9.30 percent year over year, while adjusted earnings per share came in at USD 4.50 versus USD 4.49 consensus, according to MarketBeat. The operating margin was 27.49 percent in the same quarter, based on the standardized financial data for Linde.

Three dates shape the stock

On October 5, 2026, Linde scheduled its third-quarter results for October 29, 2026, according to Linde. On October 21, the Tata Steel agreement added more than 7,000 tons of daily oxygen capacity. On October 23, Jefferies raised its target from USD 560.00 to USD 591.00, the most recent event in this sequence.

What does the target change mean?

The USD 31.00 increase places Jefferies' target above the USD 545.26 average target listed for 29 analysts by MarketScreener. It also leaves the new target USD 45.74 above that average, making the October 29 earnings release the next concrete test for the higher valuation.

October 29 brings the next test

Linde will publish third-quarter 2026 financial results by 6:00 a.m. EDT, or 11:00 a.m. CET, on October 29, 2026, followed by a conference call at 2:00 p.m. CET, according to Linde. For investors, the key comparison is whether quarterly revenue growth and adjusted earnings per share can maintain the second-quarter pace.

Price remains below the weekly peak

Linde's EUR 210.0 billion market capitalization and EUR 332.40 to EUR 479.40 52-week range put the current quote 5.07 percent below the upper end of that range. The Nasdaq-listed company uses the ticker LIN.

Linde was trading at EUR 455.10 at Lang & Schwarz on October 26, 2026, at 9:50 a.m. CET, 0.15 percent below the Xetra close of October 23, 2026, at EUR 455.80. The further course of trading is shown by the continuously updated real-time quote of Linde stock.