Siemens Draws Higher Targets as Healthineers Exit and Lauterbach Deal Reshape the Story
Published on 11/14/2026 at 13:21 | Editorial boerse-global.de
Siemens has given investors plenty to chew on in a single week: a pair of analyst notes that nudged and reaffirmed price targets, a proposed dividend increase, an ongoing share buyback, a chip-design acquisition and a firm timetable for paring its stake in Siemens Healthineers.
Evercore ISI raised its price target on the Munich industrial group to EUR 320 from EUR 315, keeping an "In-Line" rating. The move came a day after Siemens published results for its final quarter and for fiscal 2026. JPMorgan, for its part, left its target at EUR 345 with an "Overweight" rating, following a virtual meeting with finance chief Veronika Bienert. Analyst Phil Buller pointed to strong end markets and market-share gains, and said the figures underpin forecasts for fiscal 2027.
Berenberg stayed at "Buy" with a EUR 330 target. Analyst Richard Dawson cited better-than-expected results and order intake in the closing quarter, along with the company's raised medium-term guidance. Other post-results notes carried no new ratings or targets; the confirmed marks across those houses ranged from EUR 280 to EUR 330, spanning both buy and neutral recommendations.
Healthineers stake to change hands in 2027
According to Reuters, Siemens intends to give up its majority holding in Siemens Healthineers in May 2027. The divestment plan sits alongside the group's continuing share buyback: a capital-market disclosure published Monday showed roughly 360,000 own shares repurchased between November 2 and November 8 inclusive.
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For fiscal 2026, Siemens proposed a dividend of EUR 5.50 per share, up from EUR 5.35 a year earlier.
Chip design, grid software and rolling stock
On the deal front, Siemens signed an agreement on Tuesday to acquire Lauterbach, a German specialist in debug and trace technology, from its owners. The tools are meant to broaden Siemens' offering in semiconductor design and verification, knitting hardware-assisted verification together with embedded-software technology into a single workflow.
A day later, the company sealed a six-year contract with Austrian grid operator Kärnten Netz to supply Gridscale X, software aimed at digitalizing the network and expanding capacity.
Siemens Mobility, meanwhile, handed over the 294th Desiro ML Cityjet to Austrian federal railways ÖBB, completing the full order. All trains were delivered on time or ahead of schedule, according to the company.
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Earlier in the month, Siemens Mobility opened a new innovation and technology center for rail infrastructure in Chippenham on November 6, and on November 5 reported a contract to equip Taiwan's Taoyuan metro with Signaling X technology, covering two metro projects.
Investors get their next set of hard numbers on February 11, 2027, when Siemens reports first-quarter results for fiscal 2027. Before that, management hits the road: a Boston and New York roadshow on November 17–18, followed by Frankfurt on November 25 and Paris on November 26.
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