Berenberg Bets on Bundeswehr Satellite Comms as OHB's Stock Slips on Profit-Taking
Published on 11/01/2026 at 03:20 | Editorial boerse-global.de
OHB shares fell 9.9% on Friday amid a weak backdrop for technology stocks, with media reports pointing to profit-taking or a technical correction following a strong run. No specific negative company trigger was cited. The pullback came even as two brokerages kept their buy recommendations intact and the company advanced a trio of strategic initiatives.
Two Buys, Two Price Targets
Berenberg reaffirmed its buy rating on Tuesday with a price target of 358 euros. Analyst Michael Filatov read comments from a Bundeswehr commander on Germany's military space plans as confirmation of OHB's shift toward military projects, and identified the armed forces' future satellite-based communications system as the biggest opportunity. Jefferies had confirmed its own buy call and 280-euro target on Thursday, ahead of third-quarter numbers, with analyst Chloe Lemarie expecting the positive margin momentum from the first half to carry through and OHB on track to meet its annual targets.
MediaMobil Stake and Astroscale Talks
On the corporate side, OHB agreed on 26 October to acquire a 25% stake in MediaMobil Communication as part of a strategic partnership, with the holding to be taken up through a capital increase. The company did not disclose a purchase price. Two days later, OHB and Astroscale Holdings signed a letter of intent to explore possible cooperation on space security, space situational awareness and in-orbit services; no specific projects or order volumes were named.
Should investors sell immediately? Or is it worth buying OHB SE?
Mainz Test Rig Wraps Up
OHB Digital Connect completed the EU-funded Eu-BEST project on 22 October, having built and given final acceptance to a modular test rig for rocket engine and stage testing at its Mainz site. The project drew 4.96 million euros from Horizon Europe. OHB Digital Connect handled the mechanical structures and developed a thrust measurement system, while project coordination sat with Eiffage Énergie Systèmes – Clemessy.
Investors now look to 12 November 2026, when OHB is scheduled to publish its quarterly financial report for the third quarter of 2026.
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