Berenberg analysts lowered their price target for Rheinmetall AG on May 15, 2026. The new target is €1,750. This target reflects a reduction from the previous €2,100 level. The firm maintained its Buy rating. Analysts noted the stock's 25% year-to-date decline presents a compelling entry point.
Berenberg expects revenue visibility to improve materially by the end of the year. The firm reduced estimates for the German Boxer Arminius contract.
Operational headwinds include delayed sales in the profitable Weapon and Ammunition division. A missile partnership with Lockheed Martin has stalled. Delays also impact the Boxer vehicle contract.
Rheinmetall shares rose 2.2% in Frankfurt during the morning session. This reaction followed the analyst's updated outlook.