Warburg Research keeps EUR 34.00 target for Porsche SE stock

Published on 10/25/2026 at 13:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Warburg Research kept EUR 34.00 on October 21, 2026. Porsche SE stock reports November 10, 2026 after EUR -0.5 billion to EUR 1.5 billion guidance.

Analyst view and company outlook

Warburg Research maintained a EUR 34.00 target on October 21, 2026.
Porsche SE's adjusted earnings outlook for fiscal year 2026 ranges from EUR -0.5 billion to EUR 1.5 billion.
Porsche SE stock closed at EUR 24.72 on October 23, 2026.
Porsche SE is scheduled to publish its third-quarter 2026 report on November 10, 2026.

Isometrische 3D-Grafik mit Prozentbeteiligungen und Kapitalfluss zwischen Holding und Tochterfirmen — Porsche Automobil Holding DE000PAH0038 veranschaulicht isometrisch die Kapitalfluss-Struktur einer Beteiligungsholding mit Prozentangaben, Illustration mit AI erstellt.

Porsche SE (ISIN DE000PAH0038) retained a EUR 34.00 price target after MarketScreener reported on October 21, 2026 that Warburg Research kept its Neutral rating. The target stands 37.50 percent above the last Xetra price of EUR 24.72, based on the October 23, 2026 close.

Three events changed the picture

The chronology is clear. On September 18, 2026, Porsche SE cut its adjusted earnings outlook for fiscal year 2026 to a range of EUR -0.5 billion to EUR 1.5 billion, compared with the previous range of EUR 1.5 billion to EUR 3.5 billion, according to the company's Porsche SE investor-relations page. On September 30, 2026, the German Federal Court rejected claims for EUR 5.4 billion against the holding, according to the company's English press release. On October 21, 2026, Warburg Research kept its EUR 34.00 target and Neutral rating.

What does the target imply?

The target gives investors a concrete valuation reference, but the range of EUR -0.5 billion to EUR 1.5 billion for fiscal year 2026 shows how sharply earnings expectations have changed. The holding's investor-relations page reports adjusted net income of EUR 949 million for the first half of 2026, net debt of EUR 4.982 billion, and a net asset value of EUR 12.5 billion as of June 30, 2026. Those figures put the analyst target alongside both the portfolio value and the financing burden.

Dates investors can use

Porsche SE is scheduled to publish its third-quarter 2026 report on November 10, 2026, according to its investor-relations calendar. The date is the next clearly identified company reporting event and should provide a fresh check on the 2026 outlook.

Valuation remains below yearly high

The last Xetra price of EUR 24.72 on October 23, 2026 was above the 52-week low of EUR 24.24 and below the 52-week high of EUR 41.52. Market capitalization stood at EUR 7.6 billion on October 23, 2026. The figures describe a holding whose legal position improved in September while earnings guidance and the next report remain central to valuation.

The last Xetra price was EUR 24.72 on October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of Porsche SE stock.