JPMorgan keeps EUR 110 target for Volkswagen stock at Neutral
Published on 10/26/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and operating trends
- JPMorgan kept its EUR 110.00 target and Neutral rating on October 26, 2026.
- Volkswagen reported EUR 158.1 billion revenue and EUR 5.9 billion operating profit for the first half of 2026.
- Volkswagen stock trades at EUR 69.55 at 11:07 a.m. CEST at Lang & Schwarz on October 26, 2026, 0.65 percent above the Xetra close of October 23, 2026.
Volkswagen AG (ISIN DE0007664039) was trading at EUR 69.55 at Lang & Schwarz on October 26, 2026, at 11:07 a.m. CEST, up 0.65 percent versus the Xetra close of October 23, 2026 at EUR 69.10. comdirect reported on October 26, 2026 that JPMorgan kept Volkswagen at Neutral with a EUR 110.00 price target.
Why the target stays at EUR 110
JPMorgan analyst Jose Asumendi linked the view to Volkswagen's restructuring and the proposed Audi plant in the United States, according to comdirect. The report also cited a possible closure of the Audi plant in Neckarsulm from 2030 and potential production relocations in Europe in 2027.
The target implies 58.23 percent upside from EUR 69.55, calculated against the Lang & Schwarz price. That gap gives the analyst view more weight than the modest intraday movement, but the assessment also points to restructuring execution as a material condition.
What do 6.01 million deliveries mean?
Volkswagen Group delivered 6.01 million vehicles worldwide in the first nine months of 2026, down 9.00 percent from 6.60 million a year earlier, according to the Volkswagen Group release dated October 12, 2026. Europe provided a counterweight, with battery-electric deliveries up 19.60 percent in the third quarter, while China deliveries fell 30.20 percent in the first nine months.
Three dated operating signals
On July 24, 2026, Volkswagen Group reported first-half revenue of EUR 158.1 billion and operating profit of EUR 5.9 billion, 11.60 percent below the prior year. On October 12, 2026, it reported 6.01 million nine-month deliveries, 9.00 percent below the prior-year figure. On October 26, 2026, JPMorgan maintained its EUR 110.00 target, the latest market event.
Dates ahead for Volkswagen
The next reporting date is October 29, 2026, when Volkswagen Group will publish its January to September results; the investor calendar also lists the UBS European Conference on November 11, 2026, according to Volkswagen Group.
Stock holds above the Xetra close
The market is weighing a fixed EUR 110.00 target against weaker global deliveries and a large restructuring program. The next quarterly report should provide the clearest fresh operating benchmark.
The stock was trading at EUR 69.55 at Lang & Schwarz on October 26, 2026 at 11:07 a.m. CEST, 0.65 percent above the Xetra close of October 23, 2026 at EUR 69.10. The further course of trading is shown by the continuously updated real-time quote of Volkswagen AG stock.
Volkswagen AG stock facts
- Company: Volkswagen AG
- ISIN: DE0007664039
- Ticker: VOW3
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 26, 2026, 11:07 a.m. CEST): EUR 69.55
- Change versus Xetra close: plus 0.65 percent
- Xetra close (October 23, 2026): EUR 69.10
- Market capitalization: EUR 34.8 billion (as of October 26, 2026)
- 52-week range: EUR 65.92-109.15 (as of October 26, 2026)
- Sector / Industry: Consumer Cyclical / Auto - Manufacturers
Market context: Market report DAX.
