Rheinmetall investors have to prepare for a weak weekly finish following criticism from analysts.
Rheinmetall shares fell to their lowest level since April 2025 on Friday following criticism from analysts. At 1,218.40 euros, the defense company’s shares ultimately slipped below the round mark of 1,300 euros via XETRA, extending their previous day’s losses by a further 9.18 percent. Last October they reached a high of 2,008 euros, but have since lost more than a third in value despite the continued positive outlook for the industry.
What is particularly serious is that the previous optimist David Perry from JPMorgan initially gave up and gave up his “outperform” recommendation. Until now he had seen every setback as an opportunity to get started. But Adrien Rabier from Bernstein Research also prepared investors for an “extension of the bear scenario”. A turnaround must come from a sales boost, but that is delayed.
While Rabier remains fundamentally optimistic with a price target of 2,050 euros, Perry reduced his target to 1,500 euros. Both experts are clearly above the market level, but the tenor of their analyzes is crucial.
Perry sees difficulties for Rheinmetall in meeting its own growth ambitions – it has missed market expectations in four of the last six months. Perry believes that declining earnings estimates are more likely than rising ones and has capped his own by up to 5 percent by 2030. In addition, some investors are even beginning to doubt Rheinmetall’s product portfolio. Although he does not share these concerns, they could initially prevent a revaluation of the shares.
Other defense stocks also came under pressure on Friday: RENK stocks lost 6.38 percent to 48.11 euros, while HENSOLDT also fell 5.63 percent to 73.42 euros. And the bears also dominated TKMS and ultimately sent the title down 4.02 percent to 78.70 euros.
FRANKFURT (dpa-AFX)
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