DWS shares at their highest: Analysis sees price potential of 38% above XETRA level by 2024

DWS shares at their highest: Analysis sees price potential of 38% above XETRA level by 2024

According to a report by www.finanzen.net, DWS shares climbed to their highest price level since June 2022 on Friday. Despite an increase of 11 percent this year, they lag behind the SDAX with an increase of 14 percent.

JPMorgan analysts are nevertheless optimistic and predict that the fund manager's securities will perform better in 2024. They highlight DWS as a sector favorite and set a price target of 46.40 euros, which is almost 38 percent above the current XETRA level. One argument for their assessment is the company's promised special dividend of one billion euros, which they included in their valuation model. According to the experts, this means that DWS is rated the lowest in the sector.

From an economic perspective, the prospect of a special dividend could have a positive impact on investors and the market as a whole. Announcing such a high dividend shows the company's confidence in its financial strength and may lead to more investors investing in the stock. This could lead to increased demand and an increase in the share price. Additionally, JPMorgan's positive forecast could also boost investor confidence, which could also help the stock price rise.

Overall, DWS shares appear to be on track based on JPMorgan's forecasts and the prospect of a special dividend, which could have a positive impact on the market and investors.