Siemens Energy Stock Hits New All-Time High, Analysts Bullish
Siemens Energy stock has been on a remarkable run, reaching a new all-time high of 108.30 euros, marking the second consecutive record high. The stock has surged by 116.3 percent year-to-date, making it one of the top gainers in the DAX on Thursday, up around four percent. Analysts, including those from Berenberg and Goldman Sachs, have been bullish on the stock, with recent buy recommendations and increased price targets.
Berenberg analyst Richard Dawson attributed this optimism to sustained high demand and potential margin improvements. In 2024, Siemens Energy was the best performer in the DAX, with a gain of 319.8 percent. Recently, leading research firms such as UBS and Citigroup have also published positive assessments of the company. Goldman Sachs analyst Ajay Patel cited improved prospects in offshore wind turbines and the stable Gas and Power segment for his increased price target. Berenberg and Goldman Sachs have both raised their price targets to 122 euros and 124 euros, respectively, maintaining buy recommendations.
Siemens Energy continues to shine on the stock market, with records in the chart and rising analyst price targets. Despite the recent surge, analysts remain optimistic about the company's prospects, citing various factors contributing to its strong performance.
