Deutsche Bank hikes S&P 500 price target to 5,500 (2024)

FAQs

Deutsche Bank hikes S&P 500 price target to 5,500? ›

Deutsche Bank strategists increased their year-end target for the S&P 500 index to 5,500, up from the previous 5,100. The revision is based on a strong earnings cycle and the anticipation that market confidence will grow by the end of the year, which should positively influence US stocks.

Deutsche Bank AG stock forecast for 2025: $ 15.86 (-5.23%) Deutsche Bank AG stock prediction for 2030: $ 12.13 (-27.53%)

The average price target for Deutsche Bank Ag is $19.18. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $23.56 ,the lowest forecast is $14.44. The average price target represents 13.63% Increase from the current price of $16.88.

DB is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 5.97, while its industry has an average P/E of 8.18.

Equity analysts at Deutsche Bank have raised their 2024 S&P 500 target to 5,500, joining a host of other Wall Street strategists who have expressed greater optimism as stocks have come roaring back from last month's selloff.

Deutsche Bank attributed the increase to an improved outlook for corporate earnings in 2024, with analysts at the bank now expecting aggregate S&P 500 earnings per share to hit $258 per share this year.

5 Wall Street research analysts have issued ``buy,'' ``hold,'' and ``sell'' ratings for Deutsche Bank Aktiengesellschaft in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should ``hold'' DB shares.

Deutsche Bank is the leading German bank with strong European roots and a global network.

Overall, Deutsche Bank AG (USA) stock has a Value Grade of A, Growth Grade of D, Momentum Grade of A . Whether or not you should buy Deutsche Bank AG (USA) stock will ultimately depend on your individual goals, risk tolerance and allocation.

Is DB undervalued? ›

Compared to the current market price of 15.43 EUR, Deutsche Bank AG is Undervalued by 55%.

27 analysts offering 12-month price forecasts for Deutsche Bank Ag (DB) have a share price target of $14.17. This median of share price forecast represents a -17.9% downside from the latest price of $17.26 as on 10.05. 24.

Revenue growth: Deutsche Bank delivered year-on-year revenue growth of 6% in the first nine months of 2023, and a compound annual growth rate over 2021 of 6.9% in the twelve months to September 30, 2023, above the bank's target of 3.5% -- 4.5%, and the bank expects full-year 2023 revenues of around € 29 billon.

Is Deutsche Bank AG stock A Buy? Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Deutsche Bank AG stock to perform well in the short-term.

According to analysts, D05 price target is 38.09 SGD with a max estimate of 42.75 SGD and a min estimate of 30.00 SGD. Check if this forecast comes true in a year, meanwhile watch DBS stock price chart and keep track of the current situation with D05 news and stock market news.

Deutsche Bank's set-up includes four divisions that are well-positioned to grow: a leading European Corporate Bank based in Europe's largest economy, the Investment Bank focussing on its traditional strengths in financing, advisory, fixed income and currencies.