Stocks
Goldman Sachs Lifts Deutsche Telekom Target to EUR 40.00
Deutsche Telekom's stock price surged by 2.55% on September 11, 2026, closing at EUR 28.59 after Goldman Sachs lifted its target to EUR 40.00.
The upgrade, which came with a Buy rating, pushed Deutsche Telekom's market capitalization to around EUR 140.09 billion, making it one of Europe's largest telecom operators.
The Q2 2026 earnings beat, which saw the company report non-GAAP earnings per share of EUR 0.58 and quarterly revenue of EUR 29.93 billion, supported the decision to raise its share buyback program by USD 3.46 billion.