Rheinmetall: Record Q2 Beat, Robust Backlog Supports Multi‑Year Growth; Buy Rating Reiterated with Unchanged $1300 Target
Complete. Here is the key summaryJefferies analyst Chloe Lemarie reiterated a Buy rating on Rheinmetall with an unchanged €1,300 price target, citing record Q2 revenue and operating profit beats. The firm highlighted a robust backlog exceeding €80bn supporting multi-year growth, despite temporary negative free cash flow due to working capital timing. Bernstein also maintained a Buy rating with a higher €1,900 target.
Analyst Chloe Lemarie from Jefferies maintained a Buy rating on Rheinmetall and keeping the price target at €1,300.00.
Claim 55% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
Chloe Lemarie has given his Buy rating due to a combination of factors, highlighting Rheinmetall’s stronger‑than‑expected second‑quarter performance. The company reported record revenue and operating profit that materially beat consensus, with a notably higher margin, and all business segments contributed to this upside, underscoring the breadth and resilience of its growth profile.
She also points to the robust order environment, with sizeable new contract nominations in the quarter lifting the backlog to well above €80bn, which supports multi‑year visibility on sales and earnings. Although operating free cash flow is set to be meaningfully negative in Q2 due to timing effects in advance payments and receivables, this is viewed as a temporary working‑capital issue rather than a structural concern, and her price target remains unchanged at $1300, reinforcing the Buy stance.
According to TipRanks, Lemarie is a 5-star analyst with an average return of 26.1% and a 74.48% success rate.
In another report released today, Bernstein also maintained a Buy rating on the stock with a €1,900.00 price target.