JP Morgan lifts target for Talanx stock to EUR 140.00

JP Morgan raised its price target for Talanx stock from EUR 125.00 to EUR 140.00 on October 21, 2026, while maintaining its Buy rating, according to MarketScreener. The last available Tradegate quote was EUR 124.85 on October 26, 2026 at 11:05 a.m. CET, down 1.15 percent versus the Xetra close of October 26, 2026 at EUR 126.30.

Target leaves room for recovery

JP Morgan's new target is EUR 15.15, or 12.14 percent, above the Tradegate quote. The target change also moves the comparison point beyond the average target of EUR 130.71 reported for seven analysts by MarketScreener.

For the second quarter of 2026, Talanx reported net income of EUR 725.00 million, down 5.70 percent from EUR 769.00 million in the second quarter of 2025. Revenue reached EUR 10.50 billion and fell 22.00 percent year over year, while earnings per share came to EUR 2.81, according to Simply Wall St.

Price stays below the yearly high

Talanx's 52-week range is EUR 97.65 to EUR 128.80, with the latest Tradegate quote EUR 3.95 below the high. The market capitalization is EUR 32.6 billion, and the price-to-earnings ratio is 12.50 as of October 26, 2026. The annual performance was 9.49 percent in the Tradegate market-data snapshot used for the quote.

Valuation and reporting date

Talanx is scheduled to publish results for the period ending September 30, 2026, on November 12, 2026, according to the company's Talanx investor-relations page. That date gives the raised target a defined near-term checkpoint, while the second-quarter comparison points to lower net income and revenue in the latest reported period.

Comparison with peers

Talanx: down 1.15 percent, price-to-earnings ratio 12.50, market capitalization EUR 32.6 billion.

Hannover Re (Xetra, EUR): up 0.43 percent, price-to-earnings ratio 3.72, market capitalization EUR 33.9 billion.

Munich Re (Xetra, EUR): up 0.18 percent, price-to-earnings ratio 10.38, market capitalization EUR 70.2 billion.

What the November date means

The November 12 reporting date is the next concrete test for earnings after the second-quarter net income decline. Until then, the market has a higher JP Morgan target, a EUR 128.80 yearly high and a Tradegate quote below the latest Xetra close to weigh against that target.

Stock position and next date

Talanx was last quoted at EUR 124.85 on Tradegate on October 26, 2026 at 11:05 a.m. CET, 1.15 percent below the Xetra close of EUR 126.30 on October 26, 2026. Results for the period ending September 30, 2026, are scheduled for November 12, 2026.

Market context: Market report DAX.

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