Philips stock: J.P. Morgan keeps target for Philips stock at EUR 23.50

Published on 10/23/2026 at 16:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Philips reports third-quarter results on November 2, 2026. Philips stock costs EUR 23.88 on October 23, 2026, down 0.08 percent versus Xetra close.

Analyst target and reporting date

J.P. Morgan maintained a Hold rating and a EUR 23.50 target on October 9, 2026.
Second-quarter revenue reached EUR 4.36 billion, versus EUR 4.34 billion a year earlier.
Philips stock costs EUR 23.88 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST, 0.08 percent below the Xetra close of October 22, 2026.
Philips is scheduled to release third-quarter 2026 results on November 2, 2026.

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J.P. Morgan maintained a Hold rating and a EUR 23.50 price target for Philips on October 9, 2026, according to Markets Insider. The target sits 1.62 percent below the Lang & Schwarz price of EUR 23.88, while the stock was trading 0.08 percent below the Xetra close of EUR 23.90 on October 22, 2026.

Revenue reached EUR 4.36 billion

Philips delivered second-quarter 2026 revenue of EUR 4.36 billion, up from EUR 4.34 billion in the same quarter of 2025. Net profit increased to EUR 384 million from EUR 240 million. Markets Insider reported the figures for the quarter ending June 30, 2026.

Stock remains below its yearly high

At EUR 23.88 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST, Philips stood 13.38 percent below its 52-week high of EUR 27.57. It was 14.15 percent above its 52-week low of EUR 20.92. The Xetra quote carried a price-earnings ratio of 20.69 and market capitalization of EUR 23.4 billion at the October 23, 2026 reading.

What date comes next?

Philips is scheduled to publish its third-quarter 2026 results on November 2, 2026, according to MarketScreener. The date gives investors the next fixed point for testing whether the modest second-quarter revenue increase is translating into stronger profitability.

Comparison with peers

Philips (Xetra, EUR): down 0.08 percent, P/E 20.69, market capitalization EUR 23.4 billion.

Siemens Healthineers (Xetra, EUR): down 0.38 percent, P/E 21.03, market capitalization EUR 46.6 billion.

GE HealthCare Technologies (Nasdaq, USD): down 1.58 percent, P/E 20.39, market capitalization USD 31.7 billion.

Target leaves little room

J.P. Morgan's EUR 23.50 target is 1.62 percent below the October 23, 2026 Lang & Schwarz price. That narrow gap leaves the scheduled results and the next operating update as the clearest dated tests for the valuation.

Philips was trading at EUR 23.88 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST, down 0.08 percent versus the Xetra close of October 22, 2026 at EUR 23.90. The further course of trading is shown by the continuously updated real-time quote of Philips stock.