TKMS stock target set at 140 euros by mwb research

mwb research has maintained a buy recommendation for naval shipbuilder TKMS, setting a price target of 140 euros. Based on a current XETRA price of 84.20 euros, this represents a potential upside of 66.3 percent.

Analysts expect the company to outperform its own guidance for the 2025/2026 fiscal year. For 2025/2026, mwb research forecasts revenue growth of 16.1 percent to 2.52 billion euros, exceeding the company's projected growth of 10 to 12 percent. The firm also anticipates the order backlog will increase from 18.2 billion euros to approximately 25 billion euros, driven largely by the MEKO-A-200-GER contract.

Looking further ahead, analysts project revenues of 2.78 billion euros for 2027 and 3.18 billion euros for 2028. The company's performance is expected to be bolstered by Atlas Elektronik following a weaker third quarter.