Price targets

Analyst ratings

8 analysts rated this company in the past 90 days. The average target price is €271.63, this is a change of +21.7% compared to the current price.

• August 21, 2025

  RBC maintains Deutsche Börse at 'Sector Perform' - Target 235 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Deutsche Börse at "Sector Perform" with a price target of €235. In a study published Thursday, analyst Ben Bathurst updated his valuation model for the stock exchange operator following the second-quarter figures. He also wrote that he has now also taken into account current trading volumes for the third quarter. This has made him more cautious regarding the current quarter./rob/ck/he

  Publication of the original study: August 21, 2025 / 12:45 PM / EDT First distribution of the original study: August 21, 2025 / 12:45 PM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 28, 2025

  JPMorgan lowers target for Deutsche Börse to 246 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Deutsche Börse from €247 to €246 and left its rating at "Neutral." Enrico Bolzoni adjusted his valuation model for the stock exchange operator in a study released Tuesday based on the company's half-year results. This resulted in slight reductions in its earnings per share (EPS) forecasts for the years 2025 to 2027./rob/edh/zb

  Publication of the original study: July 28, 2025 / 7:32 PM / BST

  First distribution of the original study: July 29, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 28, 2025

  Warburg maintains Deutsche Börse's 'Hold' rating - target 281 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Hold" rating for Deutsche Börse following its earnings release, with a price target of €281. Andreas Pläsier wrote in a study released Monday that the second quarter was slightly above expectations. However, he maintains his neutral stance, partly due to the signaled decline in stock market volatility and currency-related headwinds. Both factors limit the likelihood of further positive earnings surprises. After all, expectations already exceed the exchange operator's targets./rob/zb

  Publication of the original study: July 28, 2025 / 8:15 a.m. / Time zone not specified in the study

  First distribution of the original study: Date not specified in the study / Time not specified in the study / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 25, 2025

  Deutsche Bank Research maintains 'Buy' rating on Deutsche Börse

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Deutsche Börse at "Buy" with a price target of €298. The second quarter fully met expectations, Benjamin Goy wrote on Friday following the exchange operator's report./ajx/zb

  Publication of the original study: July 25, 2025 / Time not specified in study / CET. First distribution of the original study: July 25, 2025 / 8:04 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 25, 2025

  Jefferies maintains Deutsche Börse's 'Hold' rating - target 260 euros

  NEW YORK (dpa-AFX Analyst) - Following its quarterly results, analyst firm Jefferies maintained a "Hold" rating on Deutsche Börse with a price target of €260. The exchange operator met expectations and confirmed its outlook, Tom Mills wrote in his response released Friday./rob/gl/la

  Publication of the original study: July 25, 2025 / 3:03 a.m. / Time zone not specified in study. First distribution of the original study: July 25, 2025 / 3:03 a.m. / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 24, 2025

  UBS leaves Deutsche Börse at 'Neutral' - Target 309 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Neutral" rating on Deutsche Börse following its quarterly results, with a price target of €309. The stock exchange operator's business performance is largely in line with expectations, Michael Werner wrote in an initial reaction on Thursday evening. Consensus estimates for earnings per share are expected to remain largely unchanged. Following the recent price weakness, the share price could react moderately positively./rob/gl/zb

  Publication of the original study: July 24, 2025 / 8:34 p.m. / GMT. First distribution of the original study: July 24, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 24, 2025

  RBC maintains Deutsche Börse at 'Sector Perform' - Target 235 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Deutsche Börse at "Sector Perform" following its quarterly results, with a price target of €235. The exchange operator's revenues and earnings figures slightly exceeded consensus estimates, wrote Ben Bathurst in an initial reaction released Thursday./rob/edh/he

  Publication of the original study: July 24, 2025 / 2:18 p.m. / EDT

  First distribution of the original study: July 24, 2025 / 2:18 p.m. / EDT

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 24, 2025

  JPMorgan leaves Deutsche Börse at 'Neutral' - Target 247 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Deutsche Börse at "Neutral" following its quarterly results, with a price target of €247. The stock exchange operator's operating result (EBITDA) was slightly better than market expectations, wrote Enrico Bolzoni in an initial reaction released Thursday./rob/edh/he

  Publication of the original study: July 24, 2025 / 7:07 p.m. / BST First distribution of the original study: July 24, 2025 / 7:17 p.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 21, 2025

  RBC maintains Deutsche Börse at 'Sector Perform' - Target 235 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Deutsche Börse at "Sector Perform" with a price target of €235. International stock exchange operators' second-quarter revenues are likely to have been strong, but the third quarter is likely to have started more sluggishly, wrote Ben Bathurst in an industry outlook released Tuesday./ajx/gl

  Publication of the original study: July 21, 2025 / 5:55 p.m. / EDT First distribution of the original study: July 22, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 11, 2025

  Goldman raises target for Deutsche Börse to 254 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Deutsche Börse from €250 to €254 and maintained its rating at "Neutral." Analyst Oliver Carruthers made minor adjustments to his trading volume estimates in his outlook for the quarterly report on Friday./ag/ck

  Publication of the original study: July 11, 2025 / 5:01 p.m. / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 11, 2025

  Deutsche Bank lowers target for Deutsche Börse to 298 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for Deutsche Börse from €302 to €298, but maintained its "Buy" rating. The stock exchange operator is expected to present solid figures for the second quarter after the minor disappointment at the start of the year, Benjamin Goy wrote in his outlook published on Friday. He also praised the Eschborn-based company's strong growth profile, but slightly lowered his estimates.

  Publication of the original study: July 11, 2025 / 7:58 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 10, 2025

  JPMorgan lowers target for Deutsche Börse to 247 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Deutsche Börse from €249 to €247, but left the rating at "Neutral." Enrico Bolzoni fine-tuned his valuation model in his outlook on Thursday evening ahead of the quarterly report. He also examined the latest trends in bond derivatives./rob/ag/gl

  Publication of the original study: July 10, 2025 / 7:26 p.m. / BST First distribution of the original study: July 11, 2025 / 12:15 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 10, 2025

  Warburg Research puts Deutsche Börse on 'Hold' - Target 281 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Deutsche Börse at "Hold" with a price target of €281. Earnings growth in the second quarter is unlikely to have kept pace with the first, wrote Andreas Pläsier in his outlook for the interim report published Thursday./ag/zb

  Publication of the original study: July 10, 2025 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 7, 2025

  Jefferies maintains Deutsche Börse's 'Hold' rating - target 260 euros

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained its "Hold" rating for Deutsche Börse ahead of the second-quarter reporting season, with a price target of €260. Analyst Tom Mills singled out Euronext as the preferred exchange operator in his industry outlook published Monday. He expects Deutsche Börse to generate second-quarter revenue of €1.49 billion, slightly below the consensus of €1.52 billion. To trigger a further structural revaluation, significant momentum from the SimCorp acquisition would be necessary./tih/ag

  Publication of the original study: July 7, 2025 / 1:21 a.m. / ET

  First distribution of the original study: July 7, 2025 / 1:21 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 3, 2025

  UBS leaves Deutsche Börse at 'Neutral' - Target 309 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Deutsche Börse at "Neutral" with a price target of €309. The quarter began with very strong trading activity and ended rather weakly, wrote Michael Werner in his outlook on the stock exchange operators' reporting season, published on Friday. He slightly reduced his estimates for the Eschborn-based company – precisely due to lower returns from equity index derivatives./ag/gl

  Publication of the original study: July 3, 2025 / 5:04 PM / GMT First distribution of the original study: July 3, 2025 / 5:04 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 26, 2025

  Warburg Research sees scope for outlook at Deutsche Börse

  HAMBURG (dpa-AFX Analyst) - Deutsche Börse is on the list of companies for which the analyst firm Warburg Research believes higher annual targets are possible for 2025. The stock exchange operator believes an increase is within reach and is already included in the consensus. This year's "Warburg Guide to Warnings" comes at a time of heightened economic and geopolitical tensions, analyst Robert-Jan van der Horst wrote on Thursday. As the second-quarter reporting season approaches, the White House's tariff decisions for the EU are due in July, which are likely to prompt some companies to adjust their annual targets. Van der Horst lists 16 companies at risk of profit warnings and 9 with potential for surprises. Deutsche Börse shares are fundamentally rated "Hold" with a price target of €281./ag/edh

  Publication of the original study: June 26, 2025 / 12:45 PM / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 10, 2025

  UBS lowers Deutsche Börse to 'Neutral' and target to 309 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Deutsche Börse shares from €320 to €309 and downgraded the stock from "Buy" to "Neutral." According to his analysis published Wednesday, Michael Werner sees little scope for rising market expectations or a revaluation. Following the strong performance since August of last year, the balance between opportunities and risks is now fairly balanced. However, Werner is not pessimistic and continues to see good business prospects./rob/ag/gl

  Publication of the original study: June 10, 2025 / 10:21 PM / GMT. First distribution of the original study: June 11, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 9, 2025

  RBC raises target for Deutsche Börse to 235 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Deutsche Börse from €230 to €235 following first-quarter results and maintained its rating at "Sector Perform." He slightly raised his revenue estimates for the stock exchange operator for the current and coming years, wrote Ben Bathurst in a study released Friday./rob/mis/he

  Publication of the original study: May 9, 2025 / 11:44 a.m. / EDT First distribution of the original study: May 9, 2025 / 11:44 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 1, 2025

  JPMorgan lowers target for Deutsche Börse to 249 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has lowered its price target for Deutsche Börse from €251 to €249 and left its rating at "Neutral." In response to the stock exchange operator's quarterly figures, the company has revised its valuation model, analyst Enrico Bolzoni wrote in a study released Thursday. This resulted in slight changes to its forecasts for 2025 to 2027./edh/he

  Publication of the original study: May 1, 2025 / 11:19 AM / BST. First distribution of the original study: May 1, 2025 / 5:00 PM / BST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  UBS lowers target for Deutsche Börse to 320 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Deutsche Börse from 325 to 320 euros, but maintained its "buy" rating. Due to expectations of lower net interest income, analyst Michael Werner lowered his earnings (EPS) estimates for the years up to 2027, wrote in an assessment released Wednesday. The consensus forecasts are also likely to decline. The exchange operator, however, has allayed concerns in this regard following the disappointing performance in the Investment Management Solutions (IMS) segment in the last quarter.

  Publication of the original study: April 29, 2025 / 5:37 PM / GMT

  First distribution of the original study: April 29, 2025 / 5:37 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Deutsche Bank maintains Deutsche Börse's 'Buy' rating - target 287 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Deutsche Börse following its quarterly results, with a price target of €287. The results were somewhat weaker than expected, wrote analyst Benjamin Goy in a study published Tuesday. However, the investment context remains attractive./edh/mis

  Publication of the original study: April 29, 2025 / Time not specified in study / CEST

  First distribution of the original study: April 29, 2025 / 8:01 a.m. / CEST

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Warburg Research maintains Deutsche Börse's 'Hold' rating

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Deutsche Börse at "Hold" with a price target of €281 following the company's earnings release. The stock exchange operator's first quarter was good, wrote analyst Andreas Pläsier in a study published Tuesday. This was to be expected. However, the consensus estimates were not quite met./mf/ck

  Publication of the original study: April 29, 2025 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Barclays raises target for Deutsche Börse to 290 euros - 'Overweight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has raised its price target for Deutsche Börse from €260 to €290 and maintained its rating at "Overweight." Analyst Michael Sanderson slightly raised his earnings estimates on Tuesday evening following the conference call on the quarterly results. Management expressed optimism regarding the Fixed Income and Investment Management Solutions segments./ag/gl

  Publication of the original study: April 29, 2025 / 4:42 PM / GMT First distribution of the original study: April 29, 2025 / 4:47 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 28, 2025

  Jefferies maintains Deutsche Börse's 'Hold' rating - target 260 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Deutsche Börse following its first-quarter results, with a price target of €260. The stock exchange operator's operating profit (EBITDA) fell short of expectations, analyst Tom Mills wrote in a report released Monday. The results could therefore be disappointing given the relatively high expectations.

  Publication of the original study: April 28, 2025 / 2:35 p.m. / ET. First distribution of the original study: April 28, 2025 / 2:35 p.m. / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 28, 2025

  JPMorgan leaves Deutsche Börse at 'Neutral' - Target 251 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Deutsche Börse at "Neutral" with a price target of €251 following the company's earnings release. Lower trading volumes caused the stock exchange operator to miss expectations for operating profit (EBITDA) in the first quarter, analyst Enrico Bolzoni wrote in a study released Monday. He pointed out that the consensus for net sales and EBITDA, including the treasury result, now exceeds the targets confirmed by the company.

  Publication of the original study: April 28, 2025 / 7:25 PM / BST First distribution of the original study: April 28, 2025 / 7:25 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 28, 2025

  Goldman leaves Deutsche Börse at 'Neutral' - Target 250 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained a "neutral" rating on Deutsche Börse following its quarterly results, with a price target of €250. The exchange operator narrowly missed market expectations but is maintaining its outlook, wrote analyst Oliver Carruthers in his assessment published Tuesday./gl/ag

  Publication of the original study: April 28, 2025 / 7:44 p.m. / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 28, 2025

  UBS maintains Deutsche Börse's 'Buy' rating - target 325 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Deutsche Börse following its first-quarter results, with a price target of €325. Due to weaker trading volume, the stock exchange operator's operating result (EBIT) fell two percent short of the consensus estimate, analyst Michael Werner wrote in an initial assessment on Tuesday. Given the strong share price performance since the beginning of the year, the expert expects a moderately negative reaction on the stock market.

  Publication of the original study: April 28, 2025 / 9:07 PM / GMT

  First distribution of the original study: April 28, 2025 / 9:07 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 28, 2025

  RBC maintains Deutsche Börse at 'Sector Perform' - Target 230 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Deutsche Börse at "Sector Perform" with a price target of €230. The treasury result led to revenue in the first quarter of 2025 being slightly below consensus, analyst Ben Bathurst wrote in a report released Monday. At the same time, however, he pointed out that the forecast for the 2025 fiscal year remained unchanged.

  Publication of the original study: April 28, 2025 / 4:18 p.m. / EDT First distribution of the original study: April 28, 2025 / 4:18 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 16, 2025

  UBS maintains Deutsche Börse's 'Buy' rating - target 325 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Deutsche Börse with a price target of EUR 325. Given the recent above-average price performance, investors are questioning the further upside potential of Deutsche Börse and Euronext shares, analyst Michael Werner wrote in a study published Thursday. However, he reiterates his buy recommendation and expects consensus earnings per share estimates for both companies to rise./ck/he

  Publication of the original study: April 16, 2025 / 7:52 PM / GMT. First distribution of the original study: April 16, 2025 / 7:52 PM / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 16, 2025

  Warburg Research lowers Deutsche Börse to 'Hold' - target 281 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has downgraded Deutsche Börse from "Buy" to "Hold" due to valuation reasons, but raised its price target from €255 to €281. Securities trading and the settlement of trades are expected to have provided the stock market driver with ample tailwind in the first quarter, wrote analyst Andreas Pläsier in a study published Wednesday with a view to the upcoming release of financial results. However, at the current price level, he no longer sees sufficient scope for a buy recommendation./mis/ajx

  Publication of the original study: April 16, 2025 / Time not specified in the study / CEST. First distribution of the original study: April 16, 2025 / 8:15 a.m. / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 14, 2025

  Goldman raises target for Deutsche Börse to 250 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Deutsche Börse from €226 to €250 and maintained its rating at "Neutral." Analyst Oliver Carruthers adjusted his estimates on Monday evening to reflect the latest volume data before the quarterly report at the end of April./ag/zb

  Publication of the original study: April 14, 2025 / 7:23 p.m. / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 14, 2025

  JPMorgan raises target for Deutsche Börse to 251 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Deutsche Börse from €224 to €251, but maintained its rating at "Neutral." Ahead of the quarterly results at the end of April, he raised his earnings per share estimates for the years up to 2027, analyst Enrico Bolzoni wrote in an outlook published Tuesday. He cited high trading volumes and the expectation of higher cash balances at Clearstream, which should partially offset a sharp decline in interest rates. Bolzoni is also optimistic about the exchange operator's second quarter. However, the stock has already performed well compared to the industry./gl/bek

  Publication of the original study: April 14, 2025 / 7:07 PM / BST

  First distribution of the original study: April 15, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 6, 2025

  UBS raises target for Deutsche Börse to 325 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Deutsche Börse from €275 to €325 and maintained its "Buy" rating. In a study released Monday, analyst Michael Werner sees European stock exchanges as a kind of refuge for investors in these turbulent times. Given the increased macroeconomic volatility and geopolitical risks, he believes higher valuations for these stocks are justified. "The ability of stock markets to generate high profits in this uncertain environment makes them a safe haven, whose value we believe should increase," he concluded./ck/nas

  Publication of the original study: April 6, 2025 / 10:42 PM / GMT

  First distribution of the original study: April 6, 2025 / 10:42 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 31, 2025

  Deutsche Bank raises target for Deutsche Börse to 287 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for Deutsche Börse from €267 to €287 and maintained its "Buy" rating. The upswing on Europe's stock exchanges has provided significant cyclical tailwinds for local exchange operators, wrote analyst Benjamin Goy in an industry commentary released Monday. Euronext remains its preferred stock ahead of Deutsche Börse./gl/edh

  Publication of the original study: March 31, 2025 / 8:05 a.m. / CET. First distribution of the original study: Date not specified in the study / Time not specified in the study / CET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 21, 2025

  Deutsche Bank raises target for Deutsche Börse to 267 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Deutsche Börse from €250 to €267 and maintained its "Buy" rating. The stock exchange operator presented solid fourth-quarter figures, rounding off a strong year in 2024, analyst Benjamin Goy wrote in a report released Friday. The expert raised his forecasts and continues to consider the stock attractively valued./edh/mis

  Publication of the original study: February 21, 2025 / Time not specified in the study / CET

  First distribution of the original study: February 21, 2025 / 8:05 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 14, 2025

  JPMorgan raises target for Deutsche Börse to 224 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has raised its price target for Deutsche Börse from 220 to 224 euros and left the rating at "neutral". In a study published on Friday, analyst Enrico Bolzoni adjusted his valuation model and forecasts for the exchange operator to reflect the figures for the full year 2024./edh/he

  Publication of the original study: February 14, 2025 / 11:55 AM / GMT. First distribution of the original study: February 14, 2025 / 5:00 PM / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 13, 2025

  RBC raises target for Deutsche Börse to 230 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Deutsche Börse from €210 to €230 and maintained its rating at "Sector Perform." Following the stock exchange operator's stable annual figures, the company made only minor changes to its earnings (EPS) forecasts, analyst Ben Bathurst wrote in a report released Thursday. He also shifted the valuation horizon into the future./edh/he

  Publication of the original study: February 13, 2025 / 3:11 PM / EST

  First distribution of the original study: February 13, 2025 / 3:11 PM / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 12, 2025

  Goldman lowers target for Deutsche Börse to 226 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Deutsche Börse from €230 to €226, but maintained its rating at "Neutral." Analyst Oliver Carruthers adjusted his estimates Wednesday evening in line with the Frankfurt-based company's quarterly report.

  Publication of the original study: February 12, 2025 / 6:26 p.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 12, 2025

  Deutsche Bank Research maintains 'Buy' rating on Deutsche Börse

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Deutsche Börse following its quarterly results, with a price target of €250. The stock exchange operator performed solidly as expected and also provided a decent outlook for 2025, wrote analyst Benjamin Goy in an assessment published Wednesday. Earnings per share were a positive surprise, thanks in part to a lower tax rate.

  Publication of the original study: February 12, 2025 / 8:00 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 12, 2025

  Warburg Research maintains Deutsche Börse's 'Buy' rating - target 255 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Deutsche Börse at "Buy" with a price target of €255 following its fourth-quarter 2024 figures. The exchange operator published the strong business figures expected, wrote analyst Andreas Pläsier in a study released Wednesday. Net turnover in the securities business increased more than he had expected./bek/gl

  Publication of the original study: February 12, 2025 / 8:15 a.m. / CET. First distribution of the original study: February 12, 2025 / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 11, 2025

  Jefferies maintains Deutsche Börse's 'Hold' rating - target 225 euros

  NEW YORK (dpa-AFX Analyst) - Following its quarterly results, analyst Jefferies has maintained a "Hold" rating on Deutsche Börse with a price target of €225. The stock exchange operator's results and outlook are overall close to consensus estimates, with operating profit (EBITDA) exceeding expectations, analyst Tom Mills wrote in an assessment released Wednesday. In addition, the announced share buyback of up to €500 million is a small positive surprise.

  Publication of the original study: February 11, 2025 / 6:55 p.m. / ET. First distribution of the original study: February 11, 2025 / 6:55 p.m. / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 11, 2025

  UBS maintains Deutsche Börse's 'Buy' rating - target 260 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Deutsche Börse at "Buy" with a price target of €260 following its fourth-quarter 2024 figures. The announced share buyback corresponds to a good one percent of the share capital, analyst Michael Werner wrote in a study released Wednesday. Nevertheless, the expert expects a muted price reaction, as the exchange operator's quarterly figures are not of the best quality./bek/tih

  Publication of the original study: February 11, 2025 / 9:28 PM / GMT

  First distribution of the original study: February 11, 2025 / 9:28 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 11, 2025

  RBC maintains Deutsche Börse at 'Sector Perform' - Target 210 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Deutsche Börse at "Sector Perform" with a price target of €210 following its quarterly results. The stock exchange operator's earnings figures exceeded consensus estimates, analyst Ben Bathurst wrote in a report released Tuesday. The most positive news, however, is the announced share buyback of up to €500 million./edh/he

  Publication of the original study: February 11, 2025 / 3:03 p.m. / EST. First distribution of the original study: February 11, 2025 / 3:03 p.m. / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 11, 2025

  JPMorgan leaves Deutsche Börse at 'Neutral' - Target 220 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Deutsche Börse at "Neutral" following its quarterly results, with a price target of €220. The stock exchange operator's operating result (adjusted EBITDA) exceeded the consensus estimate, wrote analyst Enrico Bolzoni in a study published Tuesday./edh/he

  Publication of the original study: February 11, 2025 / 6:12 PM / GMT First distribution of the original study: February 11, 2025 / 6:12 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 10, 2025

  Jefferies maintains Deutsche Börse's 'Hold' rating - target 225 euros

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained its "Hold" rating for Deutsche Börse ahead of its quarterly results, with a price target of €225. Its forecasts for the stock exchange operator are largely in line with consensus estimates, analyst Tom Mills wrote in a report released Monday./edh/he

  Publication of the original report: February 10, 2025 / 1:36 p.m. / ET First distribution of the original report: February 10, 2025 / 1:36 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 6, 2025

  RBC raises target for Deutsche Börse to 210 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Deutsche Börse from €200 to €210 ahead of earnings and maintained its rating at "Sector Perform." There are indications from all business areas of the stock exchange operator that point to another solid quarter, capping off a strong fiscal year, analyst Ben Bathurst wrote in a report released Friday. He expects the focus to be on the acquired software provider Simcorp, statements on capital returns, and the 2025 outlook./tih/gl

  Publication of the original study: February 6, 2025 / 5:30 PM / EST. First distribution of the original study: February 7, 2025 / 12:45 AM / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  Warburg raises target for Deutsche Börse to 255 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has raised its price target for Deutsche Börse from €249 to €255 ahead of the quarterly results expected on February 11. The rating was maintained at "Buy." Analyst Andreas Pläsier wrote in a report released Tuesday that he expects all segments of the market operator to have contributed to growth. He also expects the outlook for 2025 to be in line with his estimate, forecasting net sales of €6 billion to €6.1 billion and an operating result (EBITDA) of approximately €3.5 billion./ck/la

  Publication of the original study: January 28, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 23, 2025

  JPMorgan leaves Deutsche Börse at 'Neutral' - Target 220 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Deutsche Börse at "Neutral" with a price target of €220. Analyst Enrico Bolzoni slightly raised his earnings expectations for 2025 and 2026 in his commentary published on Friday./mis/ag

  Publication of the original study: January 23, 2025 / 6:21 p.m. / GMT

  First distribution of the original study: January 24, 2025 / 5:00 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 13, 2025

  Jefferies maintains Deutsche Börse's 'Hold' rating - target 225 euros

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained its "Hold" rating for Deutsche Börse ahead of the exchange's fourth-quarter earnings release, with a price target of €225. Ahead of Deutsche Börse's earnings release, analyst Tom Mills made moderate adjustments to his estimates in a study released Tuesday. He also pointed to the recent positive share price performance./bek/nas

  Publication of the original study: January 13, 2025 / 3:22 PM / ET

  First distribution of the original study: January 13, 2025 / 7:00 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 13, 2025

  Goldman raises target for Deutsche Börse to 231 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - The US investment bank Goldman Sachs has raised its price target for Deutsche Börse from 226 to 231 euros and left the rating at "neutral". Analyst Oliver Carruthers moderately raised the 2025 and 2026 earnings per share estimates for the exchange operator in a sector study released on Monday./bek/gl

  Publication of the original study: January 13, 2025 / 6:23 a.m. / GMT. First distribution of the original study: January 13, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 7, 2025

  Jefferies raises target for Deutsche Börse to 225 euros - 'Hold'

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies raised its price target for Deutsche Börse from €195 to €225, but maintained its "Hold" rating. The exchange operator's 2026 software solutions targets appear achievable, as they do not include increasing market share, analyst Tom Mills wrote in an outlook published Wednesday. However, more ambitious hopes—such as greater market penetration in the US—may prove more difficult to achieve. Mills sees the success of this division as crucial for a further rise in the share price, with a view to the acquisition of Simcorp in 2023./gl/mis

  Publication of the original study: January 7, 2025 / 2:51 PM / ET. First distribution of the original study: January 7, 2025 / 7:00 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 9, 2024

  JPMorgan raises target for Deutsche Börse to 220 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Deutsche Börse from €194 to €220, but maintained its rating at "neutral." Analyst Angeliki Bairaktari considers stock exchange operators generally attractive in her financials sector outlook published on Tuesday. However, it is betting on Euronext and, above all, the London Stock Exchange as its top favorites./ag/gl

  Publication of the original study: December 9, 2024 / 7:52 PM / GMT. First distribution of the original study: December 10, 2024 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 27, 2024

  Deutsche Bank Research raises target for Deutsche Börse - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Deutsche Börse from €235 to €237 and maintained its rating at "Buy." More insight has strengthened confidence in the growth areas of Fixed Income Trading & Clearing and Software Solutions, wrote analyst Benjamin Goy in his commentary on corporate events published Wednesday./ag/gl

  Publication of the original study: November 27, 2024 / Time not specified in study / CET First distribution of the original study: November 27, 2024 / 07:55 / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 25, 2024

  Warburg raises target for Deutsche Börse to 249 euros - 'Buy'

  HAMBURG (dpa-AFX Analyser) - The analysis house Warburg Research has raised the price target for Deutsche Börse from 241 to 249 euros and left the rating at "Buy". Due to better-than-expected earnings performance in the third quarter and a strong start to the final quarter, analyst Andreas Pläsier wrote in his assessment published on Monday that he has slightly increased his forecasts for the exchange operator for the years 2024 to 2026./edh/ag

  Publication of the original study: November 25, 2024 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 4, 2024

  JPMorgan lowers target for Deutsche Börse to 194 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has lowered its price target for Deutsche Börse from €196 to €194 as part of a revision of its valuation model for the exchange operator, leaving the rating at "Neutral." Analyst Enrico Bolzoni wrote this in a study published on Monday./edh/he

  Publication of the original study: November 4, 2024 / 4:09 p.m. / GMT First distribution of the original study: November 4, 2024 / 5:00 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 31, 2024

  Deutsche Bank Research maintains 'Buy' rating on Deutsche Börse

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Deutsche Börse with a price target of €235. The stock exchange operator performed well in the past quarter, wrote analyst Benjamin Goy in a study published Thursday. The recent stock appreciation is more than justified./gl/ajx

  Publication of the original study: October 31, 2024 / 8:08 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 25, 2024

  RBC raises target for Deutsche Börse to 200 euros - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has raised its price target for Deutsche Börse from €194 to €200 and maintained its rating at "Sector Perform." Analyst Ben Bathurst slightly adjusted his earnings estimates through 2026 following the exchange operator's quarterly results, as he wrote in a study published Friday./ajx/he

  Publication of the original study: October 25, 2024 / 11:52 a.m. / EDT First distribution of the original study: October 25, 2024 / 11:52 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 23, 2024

  Deutsche Bank Research maintains 'Buy' rating on Deutsche Börse

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Deutsche Börse at "Buy" after the company's earnings release, with a price target of €235. The third quarter was solid, wrote analyst Benjamin Goy in a report released Wednesday. The exchange operator's cost control has improved./mf/edh

  Publication of the original study: October 23, 2024 / 8:00 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 22, 2024

  UBS maintains Deutsche Börse's 'Buy' rating - target 230 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Deutsche Börse following the third-quarter results, with a price target of €230. The operating result (EBIT) is in line with expectations, wrote analyst Michael Werner in an initial reaction. Revenue slightly missed the consensus estimate, but lower costs offset this, the expert said in a study published Wednesday./bek/mis

  Publication of the original study: October 22, 2024 / 7:55 PM / GMT

  First distribution of the original study: October 22, 2024 / 7:55 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 22, 2024

  Jefferies maintains Deutsche Börse's 'Hold' rating - target 195 euros

  NEW YORK (dpa-AFX Analyst) - Following its third-quarter results, analyst Jefferies maintained its "Hold" rating for Deutsche Börse with a price target of €195. The stock exchange operator performed overall in line with market expectations, analyst Tom Mills wrote in a report released Tuesday. The raised company targets are now in line with consensus. After the recent strong price increase, a respite is now likely.

  Publication of the original study: October 22, 2024 / 3:00 PM / ET. First distribution of the original study: October 22, 2024 / 3:00 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 22, 2024

  RBC maintains Deutsche Börse at 'Sector Perform' - Target 194 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Deutsche Börse at "Sector Perform" with a price target of €194 following its third-quarter results. The stock exchange operator's figures were in line with market expectations, reflecting impressive growth in operating profit (EBITDA) and revenue from organic growth, analyst Ben Bathurst wrote in a report released Tuesday. In addition, the raised corporate targets now correspond to the consensus.

  Publication of the original study: October 22, 2024 / 3:00 PM / EDT. First distribution of the original study: October 22, 2024 / 3:00 PM / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 22, 2024

  JPMorgan leaves Deutsche Börse at 'Neutral' - Target 196 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Deutsche Börse at "Neutral" following its third-quarter results, with a price target of €196. The operating result (EBITDA) is in line with the market expectations raised by the stock exchange operator, wrote analyst Enrico Bolzoni in a study released Tuesday. These also already took into account the new corporate targets presented during the financial presentation.

  Publication of the original study: October 22, 2024 / 7:22 PM / BST First distribution of the original study: October 22, 2024 / 7:22 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 14, 2024

  JPMorgan lowers target for Deutsche Börse to 196 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Deutsche Börse from €198 to €196 ahead of its quarterly results and left the rating at "Neutral." As part of a revision of its valuation model for the stock exchange operator, it slightly reduced its earnings (EPS) forecasts for 2024 and 2025, analyst Enrico Bolzoni wrote in a study released Monday. Its earnings forecast for the third quarter largely corresponds to the consensus estimate./edh/mis

  Publication of the original study: October 14, 2024 / 9:14 a.m. / BST

  First distribution of the original study: October 14, 2024 / 9:14 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 11, 2024

  Goldman raises target for Deutsche Börse to 219 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Deutsche Börse from €214 to €219 and maintained its rating at "Neutral." Analyst Oliver Carruthers slightly adjusted his earnings expectations in a study released Monday ahead of the release of the company's third-quarter results. Investors should pay particular attention to the development of the investment management solutions business when presenting the figures./mis/zb

  Publication of the original study: October 11, 2024 / 3:03 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 11, 2024

  Deutsche Bank Research raises target for Deutsche Börse - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for Deutsche Börse from €220 to €235 and maintained its rating at "Buy." Analyst Benjamin Goy expects another solid quarterly report in his outlook published on Friday.

  Publication of the original study: October 11, 2024 / Time not specified in study / CET. First distribution of the original study: October 11, 2024 / 8:05 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 8, 2024

  Warburg Research raises target for Deutsche Börse to 241 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research raised its price target for Deutsche Börse from €239 to €241 ahead of earnings and maintained its rating at "Buy." The stock exchange operator's solid organic growth should have continued in the third quarter, wrote analyst Andreas Pläsier in a study published Tuesday./mf/mis

  Publication of the original study: October 8, 2024 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 29, 2024

  Jefferies maintains Deutsche Börse's 'Hold' rating - target 195 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained a "Hold" rating on Deutsche Börse with a price target of €195. With double-digit percentage price increases since the end of June, the shares of the European stock exchange operators have performed well, wrote analyst Tom Mills in his industry commentary published on Monday. At Deutsche Börse, however, the momentum from the volume peak in August appears to have waned somewhat. With regard to the acquired software company Simcorp, investors are likely wanting to see results first, which is not expected before the final quarter. Euronext remains an attractive bet for Mills on the renewed risk appetite in the financial markets, and the London Stock Exchange (LSE) remains his long-term favorite. The British have only completed part of their revaluation./gl/ag

  Publication of the original study: September 29, 2024 / 3:06 p.m. / ET First distribution of the original study: September 29, 2024 / 3:06 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 19, 2024

  UBS raises target for Deutsche Börse to 230 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Deutsche Börse from €220 to €230 and maintained its "Buy" rating. In his commentary published on Friday, analyst Michael Werner lowered his expectations for net interest income but raised his estimates for volume-based sales. While this lowers the overall earnings per share forecast somewhat, the detailed breakdown is now of higher quality. This has a positive impact on the price target./tih/ag

  Publication of the original study: September 19, 2024 / 10:06 / GMT

  First distribution of the original study: September 19, 2024 / 10:06 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 19, 2024

  Warburg raises target for Deutsche Börse to 239 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has raised its price target for Deutsche Börse from €227 to €239 and maintained its "Buy" rating. Deutsche Börse's share price performance over the past three months reflects the consistently strong quarterly figures and the increased targets, wrote analyst Andreas Pläsier in a report released Thursday. The outlook for the third quarter remains positive. The expert increased his estimates, which extend to 2026./tih/niw

  Publication of the original study: September 19, 2024 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 17, 2024

  UBS maintains Deutsche Börse's 'Buy' rating - target 220 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Deutsche Börse with a price target of €220. In an industry study released Wednesday, analyst Michael Werner addressed questions investors might ask asset managers, stock exchange operators, and platform operators during the conference season. Even after recent above-average share price performance, he remains optimistic about stock exchange operators like Deutsche Börse. He assumes that these will continue to benefit from economic fluctuations./tih/bek

  Publication of the original study: September 17, 2024 / 4:56 PM / GMT

  First distribution of the original study: September 17, 2024 / 4:56 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2024

  UBS maintains Deutsche Börse's 'Buy' rating - target 220 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Deutsche Börse, with a price target of €220, following trading data for August. Trading volumes at European stock exchange operators were strong across almost all categories last month, analyst Michael Werner wrote in a study released Wednesday. Following its latest quarterly figures, Deutsche Börse is likely to benefit from higher consensus estimates for earnings per share, with further increases in the second half of the year./ck/ajx

  Publication of the original study: September 3, 2024 / 1:35 PM / GMT

  First distribution of the original study: September 3, 2024 / 1:35 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2024

  Barclays raises Deutsche Börse to 'Overweight' - target at 230 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has upgraded Deutsche Börse from "Equal Weight" to "Overweight" and raised its price target from €185 to €230. His confidence in the stock exchange operator's growth levers and thus its prospects has grown, wrote analyst Alex Medhurst in a report published Wednesday. He has now adopted the stock's rating. He particularly highlighted the company's organic growth prospects, the momentum in fixed-income securities transactions, and thus his growing confidence in the revenue momentum of the Trading & Clearing division. However, LSE shares remained the industry favorite./ck/mis

  Publication of the original study: September 3, 2024 / 10:17 PM / GMT

  First distribution of the original study: September 4, 2024 / 3:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 30, 2024

  RBC maintains Deutsche Börse at 'Sector Perform' - Target 194 euros

  NEW YORK (dpa-AFX Analyser) - The Canadian bank RBC has maintained its rating for Deutsche Börse at "Sector Perform" with a price target of 194 euros. In a study released Friday, analyst Ben Bathurst raised his estimates for earnings per share through 2026. He stated that the decisive factor for the investment context now will be how the exchange operator implements the Simcorp transaction./ajx/he

  Publication of the original study: August 30, 2024 / 1:25 p.m. / EDT First distribution of the original study: August 30, 2024 / 1:25 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.