Goldman Sachs Downgrade: Goldman Sachs downgraded Deutsche Bank to Neutral from Buy and Commerzbank to Sell from Neutral due to changes in valuation after their stocks outperformed this year.
European Banks Performance: The European banks sector has rallied nearly 50% year-to-date, significantly outperforming broader European equities, driven by better growth and a favorable rates backdrop.
Analyst Outlook: Analyst Chris Hallam remains positive on European banks, projecting an average upside of ~10% for Goldman's updated 12-month price targets and ~20% for several Buy-rated banks.
Contrasting Ratings: Goldman's Neutral rating on Deutsche Bank contrasts with other ratings, including Strong Buy from SA Quant and average Wall Street ratings, which reflect differing perspectives on the bank's performance.
Wall Street analysts forecast DB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DB is 41.98 USD with a low forecast of 35.44 USD and a high forecast of 46.63 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast DB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DB is 41.98 USD with a low forecast of 35.44 USD and a high forecast of 46.63 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 39.140
Low
35.44
Averages
41.98
High
46.63
Current: 39.140
Low
35.44
Averages
41.98
High
46.63
Citi
NULL -> Sell
downgrade
2026-01-22
New
Reason
Citi
Price Target
AI Analysis
2026-01-22
New
downgrade
NULL -> Sell
Reason
Citi raised the firm's price target on Deutsche Bank to EUR 30.70 from EUR 27.40 and keeps a Sell rating on the shares.
JPMorgan
NULL -> Overweight
upgrade
2026-01-09
Reason
JPMorgan
Price Target
2026-01-09
upgrade
NULL -> Overweight
Reason
JPMorgan raised the firm's price target on Deutsche Bank to EUR 40 from EUR 38.40 and keeps an Overweight rating on the shares.
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Morgan Stanley
NULL -> Overweight
maintain
2026-01-08
Reason
Morgan Stanley
Price Target
2026-01-08
maintain
NULL -> Overweight
Reason
Morgan Stanley raised the firm's price target on Deutsche Bank to EUR 40 from EUR 39 and keeps an Overweight rating on the shares.
RBC Capital
Outperform
to
NULL
downgrade
2025-11-24
Reason
RBC Capital
Price Target
2025-11-24
downgrade
Outperform
to
NULL
Reason
RBC Capital lowered the firm's price target on Deutsche Bank to EUR 38 from EUR 39 and keeps an Outperform rating on the shares.
About DB
Deutsche Bank Aktiengesellschaft is a bank and holding company for its subsidiaries. The Company offers a range of services such as investment, financial and related products and services to private individuals, corporate entities, and institutional clients. It operates through four business divisions: Corporate Bank, Investment Bank, Private Bank and Asset Management. The Corporate Bank division serves corporate clients and financial institutions, offering cash management, trade finance, lending, foreign exchange, trust and agency services, correspondent banking, and securities services. The Investment Bank division includes Fixed Income & Currencies (FIC) Sales & Trading, Origination & Advisory, and Deutsche Bank Research. The Private Bank division focuses on personal and private clients, wealthy individuals, entrepreneurs and families. The Asset Management division operates under the brand DWS, and it serves a diverse client base of retail and institutional investors worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
