Voestalpine’s stock soars past €39 as analysts upgrade growth forecasts
Voestalpine has seen a strong rise in its share price, defying a weak trading market. The Austrian steel and technology group now leads the ATX index, with its stock climbing above €39. Analysts have taken notice, upgrading forecasts and highlighting the company’s growth potential.
The company recently secured a €41 million contract to build a high-bay warehouse in Istanbul. This deal adds to its momentum as it expands beyond traditional steel production into specialised technology sectors. Investors have responded positively, pushing shares closer to the €40 mark.
Major banks have revised their outlooks for Voestalpine. Barclays raised its price target from €35 to €44, predicting sharp profit increases over the next three years. Estimates now suggest earnings per share of €2.58 in 2025/26, €3.83 in 2026/27, and €4.27 in 2027/28. JPMorgan also upgraded its assessment, citing rising steel prices, cost reductions, and a strong 2026 outlook. The company’s strategy of diversifying into high-tech areas has strengthened its market position. If earnings meet projections, its valuation could become even more attractive. However, short-term movements may still depend on US trade policy decisions affecting the sector. Dividends are expected to grow steadily, reaching €1.30 by 2028. This makes the stock particularly appealing to income-focused investors.
Voestalpine’s share price surge reflects confidence in its expansion and financial prospects. With upgraded forecasts and a solid order pipeline, the company appears well positioned for future growth. The next key milestone for investors will be whether shares can break through the €40 barrier.
