Update shared on 02 Dec 2025
Fair value Increased 1.59%Analysts have slightly raised their fair value price target for Deutsche Börse from €256.47 to €260.54. They cite modest improvements in growth assumptions and a marginally lower discount rate, even though recent street research updates have shown mixed movements.
Analyst Commentary
Recent street research reflects a nuanced perspective on Deutsche Börse, with analysts revising price targets both upward and downward amid shifts in sentiment regarding the company's outlook.
Bullish Takeaways
- Bullish analysts have demonstrated increased confidence in Deutsche Börse’s growth prospects, with some modestly raising price targets to reflect expectations of improved performance.
- Optimists cite incremental improvements in key business drivers, suggesting that top-line growth may outpace earlier projections.
- Continued stability and a slight reduction in discount rates have supported upward adjustments to fair value estimates. This points to sustained resilience in execution.
- The company maintains a solid standing in its sector, and the ongoing ability to meet consensus earnings forecasts provides reassurance for investors focused on consistent results.
Bearish Takeaways
- Bearish analysts have tempered price targets for Deutsche Börse, reflecting caution over the potential for near-term outperformance.
- Concerns persist that valuation is approaching a ceiling, with current market multiples already factoring in much of the anticipated growth.
- Mixed sector trends and recent adjustments to rating outlooks suggest a degree of uncertainty around the pace and consistency of the company’s expansion.
What's in the News
- Deutsche Börse Group confirms exclusive discussions with Allfunds Group plc regarding a potential acquisition of the entire issued and to be issued share capital of Allfunds, in line with its strategy to strengthen European capital markets (Key Developments).
- The non-binding proposal for the Allfunds acquisition values each share at €8.80. The offer is split evenly between cash and new Deutsche Börse shares, with the possibility of additional 2025-2027 dividends for Allfunds shareholders (Key Developments).
- Any binding offer for Allfunds is subject to customary due diligence, regulatory approvals, and board consent. There is no guarantee that a transaction will proceed or about its terms or timing (Key Developments).
- Deutsche Börse recently hosted an Analyst/Investor Day, providing updates and engaging with market participants (Key Developments).
Valuation Changes
- Consensus Analyst Price Target (Fair Value): increased slightly from €256.47 to €260.54.
- Discount Rate: decreased marginally from 6.30% to 6.27%.
- Revenue Growth: updated to -1.69% from -1.85%, indicating a marginally less negative outlook.
- Net Profit Margin: decreased from 35.81% to 35.50%.
- Future P/E: increased from 22.43x to 22.85x.
Disclaimer
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