Renk Gets Goldman Upgrades to 'Buy', Sees 62.4% Upside Potential

Goldman Sachs has upgraded its rating for Renk to 'buy' from 'neutral', citing an attractive entry point created by a recent share price pullback.

The broker keeps its €65 price target, implying a 62.4% upside from Renk's current price of €40.04.

Growth in the European land-defense cycle and increased defense spending are expected to drive Renk's structural growth outlook, with earnings visibility underpinned by a substantial order backlog.

The company's Vehicle Mobility Solutions segment generated €970 million of orders in the first half of 2026, up 42.6% from a year earlier, with a 2.3 times book-to-bill ratio.