UBS raised its Siemens Energy price target to €210 from €175 and maintained its Buy rating. Analyst Christopher Leonard expects gas business orders to continue growing beyond the 2026 fiscal year. UBS increased its average operating profit (EBITA) estimates for the company by 11% through 2029.
JPMorgan analyst Phil Buller and RBC’s Mark Fielding attribute this growth to a structural shift in global electrification. AI-related electricity demand serves as a primary driver for this long-term outlook.
Barclays analyst Vlad Sergievskii views the current expansion as cyclical rather than structural. Sergievskii forecasts that Siemens Energy’s order intake and free cash flow will peak in 2026.