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Deutsche Bank Stock Soars on Goldman Sachs Upgrade and New Multi-Year High

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Deutsche Bank's stock has reached a new multi-year high, closing at EUR 35.85 on September 8, 2026, as investors increasingly price in stronger earnings momentum and a more favorable rate environment.

The upgrade by Goldman Sachs is underpinning this trend, with analysts raising their price target from EUR 37.00 to EUR 43.75 and upgrading the stock from neutral to buy. This move implies a 22% upside potential from the current level.

The bank's performance has been improving, catching up with the European banking sector, as investors reward improved profitability and balance sheet resilience.

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