47/100BDeutsche Bank Aktiengesellschaft stock forecast 2026–2029What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Deutsche Bank Aktiengesellschaft is 43.00, 17.5% above the current price of 36.60. Their targets range from 43.00 to 43.00.
Of the 2 firms that rated Deutsche Bank Aktiengesellschaft in the past 12 months, 0 rate it buy or strong buy, 2 hold and 0 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 43.00 to 43.00, with an average of 43.00.
| Buy | 0 | |
| Hold | 2 | |
| Sell | 0 |
12-month price target
| Highest target | 43.00 |
| Average target | 43.00 |
| Lowest target | 43.00 |
| Current price | 36.60 |
Deutsche Bank Aktiengesellschaft price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
How analysts rate Deutsche Bank Aktiengesellschaft, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
0 of 2 firms rate it buy now, against 0 of 2 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Deutsche Bank Aktiengesellschaft analyst upgrades, downgrades and price targets
The latest rating change came on 20 April 2026, when Barclays downgraded Deutsche Bank Aktiengesellschaft from Overweight to Equal Weight. The most recent new target came from Deutsche Bank on 7 July 2026: 43.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 7 Jul 2026 | Deutsche Bank | — | 43.00 | — | 37.04 |
| 20 Apr 2026 | Barclays | Downgraded · Overweight → Equal Weight | — | — | — |
| 9 Apr 2026 | Citigroup | Upgraded · Sell → Neutral | — | — | — |
Deutsche Bank Aktiengesellschaft EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Deutsche Bank Aktiengesellschaft's EPS to grow 11.7% a year until 2027. Over the last 5 years it grew 113.7% a year, and over the last 3 years 9.2%.
Analysts expect Deutsche Bank Aktiengesellschaft's revenue to fall 16.1% a year until 2028. Over the last 5 years it grew 15.0% a year, and over the last 3 years it grew 17.7%.
Revenue
EPS
Does Deutsche Bank Aktiengesellschaft beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 46.3% off the result, either way, and their revenue estimate 4.7%, over the last 12 quarters.
- EPS beats
- 25 / 57
- Revenue beats
- 22 / 53
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -0.8%
- Since
- February 2009
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 28 Oct 2026 | 0.91 | 1.08 | +18.2% | 9.32B | 9.44B | +1.4% |
| Q2 FY2026 | 29 Jul 2026 | 0.91 | 0.66 | -27.5% | 9.30B | 9.68B | +4.2% |
| Q1 FY2026 | 29 Apr 2026 | 1.15 | 1.24 | +7.8% | 9.85B | 10.02B | +1.7% |
| Q4 FY2025 | 29 Jan 2026 | 0.72 | 0.88 | +22.2% | 9.04B | 9.07B | +0.4% |
| Q3 FY2025 | 29 Oct 2025 | 0.85 | 0.97 | +14.5% | 8.81B | 8.02B | -8.9% |
| Q2 FY2025 | 24 Jul 2025 | 0.78 | 0.54 | -30.8% | 9.11B | 7.82B | -14.2% |
| Q1 FY2025 | 29 Apr 2025 | 0.92 | 1.04 | +13.2% | 9.00B | 8.54B | -5.1% |
| Q4 FY2024 | 30 Jan 2025 | 0.41 | 0.16 | -61.0% | 7.45B | 7.48B | +0.3% |
| Q3 FY2024 | 23 Oct 2024 | 0.56 | 0.97 | +73.2% | 8.16B | 8.35B | +2.4% |
| Q2 FY2024 | 24 Jul 2024 | 0.65 | -0.41 | -163.5% | 8.46B | 7.60B | -10.2% |
| Q1 FY2024 | 25 Apr 2024 | 0.70 | 0.75 | +7.9% | 8.30B | 7.77B | -6.3% |
| Q4 FY2023 | 2 Feb 2024 | 0.32 | 0.69 | +115.6% | 7.44B | 7.38B | -0.8% |
Deutsche Bank Aktiengesellschaft stock price 2026–2029: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Deutsche Bank Aktiengesellschaft's earnings keep growing at the 11.5% a year analysts expect to FY2027, it would earn about 5.30 a share in FY2029. At the P/E it has traded at over the last five years (4.4 to 11.8) that is 23.56 to 62.32 a share, or 48.99 at its average P/E of 9.2. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 3.62 | 16.10 | 33.49 | 42.60 |
| FY2027 | 4.26 | 18.95 | 39.41 | 50.14 |
| FY2028 (extrapolated) | 4.75 | 21.13 | 43.94 | 55.90 |
| FY2029 (extrapolated) | 5.30 | 23.56 | 48.99 | 62.32 |
Each year's EPS is the analysts' consensus to FY2027; the years after grow 11.5% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (4.4, 9.2, 11.8).
Is Deutsche Bank Aktiengesellschaft stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Deutsche Bank Aktiengesellschaft's P/E of 11.4 is above the middle of its 5-year range (3.6 to 17.0, median 8.3). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. Buyers pay more for each point of growth than usual: a PEG of 1.0 on expected growth against 0.1 on its median P/E and past five years' growth. At the median P/E of its peers (12.6 × EPS of 3.22), Deutsche Bank Aktiengesellschaft's fair value is 40.63; the price, 36.60, is 9.9% below it. Its forward P/E, on the consensus for FY2026, is 10.1.
Fair value on the peers is the median P/E of the US companies of its industry closest in size times its earnings per share of the last twelve months; the ends of the bar are the same earnings at the lowest and highest peer P/E (11.1 and 19.2). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 11.38
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 8.34
- Five-year P/E range
- 3.6 – 17.0
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 10.10
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.99
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +17.5%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.