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Siemens Energy raises price target to $220 after strong Q3 2026 results and improved margins.

Company Fundamentals
27 Aug 2026
Seeking Alpha
View Source
Bullish
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Siemens Energy AG has been reaffirmed as a Strong Buy with an updated price target of $220 following robust Q3 2026 results. The company's backlog surged to €162 billion, with quarterly revenue up 19% year-over-year and a group margin of 14.2%, exceeding expectations. The 2026 guidance now forecasts 14–16% revenue growth, a 10–12% profit margin, around €4 billion net income, and €8 billion free cash flow before tax. Siemens Gamesa's improved performance, posting its first positive margin since 2022, reduces group risk and supports the valuation upgrade, suggesting about 26% upside potential based on projected 2028 revenue and profit margins.

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