Jefferies raised target for Dormakaba stock from CHF 70 to CHF 82

Published on 10/13/2026 at 00:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2025/26 revenue reached CHF 2.79 billion with 3.00 percent organic growth. The October 20, 2026 AGM sets a date for Dormakaba stock.

Key points in brief

Jefferies raised its Dormakaba target from CHF 70 to CHF 82 on September 28, 2026.
Fiscal 2025/26 revenue reached CHF 2.79 billion with 3.00 percent organic growth.
Adjusted EBITDA margin reached 16.10 percent, while restructuring savings totaled CHF 235 million.
Dormakaba was last at EUR 69.40 at Lang & Schwarz on October 12, 2026.
The AGM is scheduled for October 20, 2026, followed by a capital markets day on November 18, 2026.

Schwarzweiß-Reportagefoto eines Technikers bei der Montage eines Türschließzylinders — Dormakaba Holding AG (CH0011795959) illustriert in Schwarzweiß-Reportage die präzise Montage eines Schließzylinders durch einen Techniker, Illustration mit AI erstellt.

Jefferies raised its target for Dormakaba stock from CHF 70 to CHF 82 and upgraded the shares from Hold to Buy on September 28, 2026, as Investing.com reported. The case rests on margin expansion, cost savings and a recovery in North America rather than on revenue growth alone.

Three dated signals shape the case

On September 1, 2026, Dormakaba reported fiscal 2025/26 revenue of CHF 2.79 billion and organic growth of 3.00 percent, according to Investing.com.

On September 15, 2026, dormakaba signed an agreement to acquire Alliants, whose guest-experience technology serves more than 100,000 hotel rooms, according to the dormakaba release. On September 28, 2026, Jefferies then moved its rating from Hold to Buy and lifted the target from CHF 70 to CHF 82, giving the stock a fresh analyst benchmark.

What supports the valuation case?

For fiscal 2025/26, the adjusted earnings before interest, taxes, depreciation and amortization margin reached 16.10 percent, while restructuring savings totaled CHF 235 million against a CHF 170 million target, according to Investing.com. The comparison matters because the savings provide an operating lever even while organic growth sits at the lower end of the 3.00 percent to 5.00 percent company range.

Jefferies expects adjusted EBITDA margins to reach 18.00 percent by fiscal 2028/29, while it identifies execution in the United States as a risk to that outlook. The analyst view therefore combines a higher target with a specific operational test: margin gains must persist after the reported recovery in the second half of fiscal 2025/26.

Two dates are already set

Shareholders are scheduled to vote on the ownership-structure transaction at the annual general meeting on October 20, 2026, according to Investing.com. The capital markets day is scheduled for November 18, 2026, when management may provide further details on margin targets and capital returns.

Last euro quote before the next session

Dormakaba was last at EUR 69.40 at Lang & Schwarz on October 12, 2026 at 11:00 p.m. CEST. On SIX, the stock was last at CHF 64.80 on October 12, 2026, while its 52-week range was CHF 47.15 to CHF 71.70 and market capitalization was CHF 2.7 billion.

The further course of trading is shown by the continuously updated real-time quote of Dormakaba stock.