{"id":70391,"date":"2026-08-11T11:15:56","date_gmt":"2026-08-11T11:15:56","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/70391\/"},"modified":"2026-08-11T11:15:56","modified_gmt":"2026-08-11T11:15:56","slug":"deutsche-bank-lifts-next-target-to-16000p-but-sticks-with-hold-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/70391\/","title":{"rendered":"Deutsche Bank lifts Next target to 16,000p but sticks with ‘hold’"},"content":{"rendered":"

\"Deutsche<\/a> Deutsche Bank lifts Next target to 16,000p but sticks with ‘hold’ Proactive uses images sourced from Shutterstock <\/p>\n

Deutsche Bank has raised its target price on Next PLC (LSE:NXT)<\/a>\u00a0to 16,000p from 14,000p following the clothing retailer’s second-quarter trading update, while keeping a hold recommendation on the stock. <\/p>\n

Analyst Adam Cochrane said the shares, which closed at 15,715p on Thursday, now offer only around 2% upside. He described Next as a great business delivering consistent upgrades, but one that is fairly priced. <\/p>\n

First-half full-price sales rose 7.7%, with growth accelerating to 9.2% in the second quarter. Cochrane said beating guidance has become an expectation at Next, though that should not distract from the strength of the absolute figures compared with peers. <\/p>\n

Deutsche has lifted its pre-tax profit forecast for the year to January 2027 by 5% to \u00a31.26 billion. <\/p>\n

That sits above the company’s own guidance of \u00a31.24 billion, with the difference driven by faster international growth. The bank now expects online international sales to rise 25% this year, up from a previous forecast of 15%. <\/p>\n

Profit from that division is forecast to jump 16% above its earlier estimate to \u00a3253 million. Cochrane also raised his expectations for income from Next’s equity investments in other retail businesses. <\/p>\n

Both changes offer greater diversification away from the more mature UK operation and support the premium rating the shares command against the rest of the sector, he argued. <\/p>\n

The analyst was more cautious on the equity stakes, saying he would expect a higher return to compensate for the risk, particularly if the investments grow. <\/p>\n

He also flagged potential upside from what he regards as a conservative second-half sales forecast. Deutsche assumes brand sales growth of around 7.5% in the second half, matching the first half, despite guidance of 5%. <\/p>\n

Next shares have gained 27.8% over the past 12 months, against 18.2% for the FTSE All-Share index. The stock trades on 19 times forecast calendar 2026 earnings, falling to 17.5 times for 2027. <\/p>\n

In afternoon trading, the shares were changing hands for\u00a015,660p, little changed on the day. <\/p>\n","protected":false},"excerpt":{"rendered":"Deutsche Bank lifts Next target to 16,000p but sticks with ‘hold’ Proactive uses images sourced from Shutterstock Deutsche…\n","protected":false},"author":2,"featured_media":70392,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21213],"tags":[27039,21214,52376,52375,52374,3820],"class_list":["post-70391","post","type-post","status-publish","format-standard","has-post-thumbnail","category-deutsche-bank","tag-adam-cochrane","tag-deutsche-bank","tag-equity-investments","tag-international-sales","tag-next-plc","tag-target"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/70391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=70391"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/70391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/70392"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=70391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=70391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=70391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}