Rheinmetall share: Analysts increase forecasts and price targets

Rheinmetall share: Analysts increase forecasts and price targets

According to a report by stock3.com,

After the new all-time high for Rheinmetall shares, analysts have significantly increased their price targets. The positive forecasts and the company's long-term growth path have led to increasing conviction among experts. Berenberg analysts have increased the price target for Rheinmetall to EUR 350 and expect profits to double in the next three years. DZ Bank is raising the multiplier for the defense business, while UBS is initially leaving the securities neutral. JPMorgan describes the capital market day as “very bullish” and increases the price target to EUR 370. Warburg also sees Rheinmetall as well positioned to benefit from the strong upswing in defense budgets. Furthermore, Goldman Sachs and Barclays have also given bullish assessments, with Barclays currently holding the highest price target in the market.

The long-term forecasts show that revenue is expected to increase from EUR 6.41 billion to EUR 9.54 billion by 2024, while earnings per share are expected to rise from EUR 11.05 to EUR 19.34 over the same period.

From a financial expert's perspective, the analysts' uniform assessment reflects Rheinmetall's positive development and potential. The rising price targets and bullish estimates could have a positive impact on the market and the financial industry. Investors could become more aware of the company, which could lead to an increase in the share price. The expected growth rates and the attractive combination of sales and adjusted EBIT signal long-term potential for investors.