Deutsche Rohstoff AG: Guidance Upgrade and Price Target Increase

First Berlin Equity Research has issued an updated analysis on Deutsche Rohstoff AG, maintaining a "Buy" recommendation while raising the target price from €125 to €135. The decision follows Deutsche Rohstoff's updated 2026 projections amid a surge in oil prices. Revenue expectations are now set between €340 million and €360 million, marking a 12.9% increase from previous estimates of €300 million to €320 million. EBITDA projections have been adjusted to €420 million to €440 million, reflecting a 10.2% increase from earlier guidance.

The revised forecasts assume an average WTI oil price of USD95 per barrel for the last two months of 2026 and USD88 per barrel for the year. Prior estimates were based on USD75 per barrel. Present futures curves for oil, gas, and natural gas liquids support the revised targets, with the Q4 2026 oil futures curve averaging nearly USD101, an 18.2% rise from August.