Freenet stock forecast: revenue rises, EBITDA falls

Freenet reported first-half 2026 revenue of €1,512.9 million, up 24.7% year on year, while adjusted EBITDA fell 5.9% to €242.2 million and 2026 guidance was maintained. Explore third-party FNTN price targets and technicals. Past performance is not a reliable indicator of future results.

By Dan Mitchell7 minutes ago

Freenet stock forecast — Photo: Shutterstock.com

Freenet AG (FNTN) is trading around €24.71 at 10:14am UTC on 9 September 2026, after trading in an earlier intraday range of €24.40–€24.70. Past performance is not a reliable indicator of future results.

The move comes amid broader European equity weakness, with Germany's DAX easing as higher oil prices following renewed US–Iran tensions added to inflation concerns ahead of the European Central Bank's rate decision (Investing.com, 7 September 2026). Investors are also assessing the political aftermath of the AfD's showing in the Saxony-Anhalt state election (The Irish Times, 7 September 2026). Freenet's half-year results, published on 12 August, showed group revenue up 24.7% to €1,512.9 million and adjusted EBITDA down 5.9% to €242.2 million (MarketScreener, 13 August 2026). The company also confirmed its 2026 guidance and minimum €2-a-share dividend commitment for 2026–2028 (Investegate, 12 August 2026).

Third-party Freenet outlook: H1 results

As of 9 September 2026, third-party Freenet stock predictions reflect differing views on growth, valuation and the outlook following its half-year results.

Goldman Sachs (house view)

Goldman Sachs set a €22 price target and maintained its Sell rating. Analyst Andrew Lee cited constrained assumptions for mobile and TV growth following the company's half-year results (MarketScreener, 25 August 2026).

Finanzen.net (consensus overview)

Finanzen.net's compiled consensus shows an average 12-month price target of €26.95, compared with a Xetra price of €24.36 at the time. Of four covering analysts, two had buy ratings, one a hold and one a sell (Finanzen.net, 31 August 2026).

Kepler Cheuvreux (house view)

Kepler Cheuvreux took a neutral view on Freenet, citing limited near-term catalysts through the second half of the year while describing its valuation as undemanding relative to peers (Investing.com, 27 August 2026).

DZ Bank (house view)

DZ Bank sets a 12-month fair value of €29 and maintained its Buy rating. Analyst Karsten Oblinger set the target following what he described as a mixed first-half performance (MarketScreener, 17 August 2026).

Deutsche Bank (house view)

Deutsche Bank sets a €29 price target, down from €33, while retaining its Buy rating. The bank lowered its assumptions following Freenet's half-year figures (Finanzen.net, 17 August 2026).

Across the cited updates, current numeric targets range from €22–€29, while the consensus average sits near €27. The spread reflects differing views on Freenet's growth prospects, valuation and near-term catalysts.

Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.

Freenet: upcoming and latest earnings

Freenet AG published its first-half 2026 results on 12 August after the Xetra close. Group revenue rose 24.7% year on year to €1,512.9 million, mainly reflecting the integration of mobilezone Germany. Adjusted EBITDA fell 5.9% to €242.2 million and adjusted free cash flow declined 4.2% to €155.2 million, with the company attributing both declines partly to a commercial agreement with a mobile network operator (Investegate, 12 August 2026).

Freenet confirmed its 2026 guidance and 2028 financial targets. Its next scheduled earnings update is the nine-month statement on 11 November 2026 after the Xetra close, followed by a conference call the next day. The company notes that dates on its financial calendar remain subject to change (Freenet AG, accessed 9 September 2026).

Past or simulated performance should never be relied upon as a definitive indicator of future results.

FNTN stock price: technical overview

The FNTN stock price trades above its 20- and 50-day simple moving averages of approximately €24.27 and €24.11, but below its 100- and 200-day averages of €24.89 and €26.85. The 20-day average also remains above the 50-day, while the 100- and 200-day exponential moving averages sit higher at around €25.01 and €26.09.

The 14-day relative strength index stands at 58.27, while the average directional index (ADX) at 10.79 indicates relatively weak trend strength under conventional interpretations.

On the upside, the classic R1 pivot at €25.13 is the nearest reference, followed by R2 at €25.91. A move above these levels could bring higher technical levels into focus, while failure to hold above them could limit further gains. On the downside, the classic pivot at €23.91 provides an initial reference, with S1 at €23.13 below it, according to TradingView data (TradingView, 9 September 2026).

This is technical analysis for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.

Freenet share price history (2024–2026)

As of 10:14am UTC on 9 September 2026, FNTN’s stock price traded around €26.49 on 10 September 2024 before rising through late 2024 and early 2025. Shares fell to an intraday low of €29.85 on 7 April 2025 during a broader global sell-off following the announcement of sweeping US tariffs, before recovering to around €37.48 on 12 May.

The stock then moved lower into 2026. On 26 February, Freenet fell from around €28.01 to €26.45 following its full-year 2025 results and revised 2026 guidance. Shares continued lower through spring and early summer, reaching a 2026 low near €22.31 in early July before partially recovering.

Freenet closed at €24.67 on 9 September 2026, down approximately 6.9% year on year and 16.5% year to date.

Past performance is not a reliable indicator of future results. Share prices are indicative and may differ from live market prices.

Freenet (FNTN): Capital.com analyst view

Freenet's share price has moved from above €35 in mid-2025 to around €24.70 as of 9 September 2026. The decline has coincided with company-specific developments, including its full-year 2025 results, published on 25 February 2026 (EQS-News, 25 February 2026), as well as changing expectations for mobile and pay-TV growth (RTTNews, 26 February 2026).

Some analysts have highlighted competitive pressure and limited near-term growth as potential headwinds (Investing.com, 27 August 2026). Others point to Freenet's dividend policy, cash generation and confirmed 2026 guidance as factors that could support sentiment (MarketScreener, 13 August 2026).

Continued competitive pressure or weaker operating performance could weigh on the shares, while steadier costs, cash generation or stronger-than-expected trading could support them. Broader equity-market conditions, interest-rate expectations and other company-specific developments may also influence the price in either direction.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Past performance is not a reliable indicator of future results.

Summary – Freenet 2026

As of 10:14am UTC on 9 September 2026, Freenet traded near €24.71, after an earlier intraday range of €24.40–€24.70.
According to TradingView data, the stock sits above its 20- and 50-day moving averages but below its 100- and 200-day averages, with RSI near 58.
Half-year results showed higher revenue alongside lower adjusted EBITDA, while Freenet maintained its 2026 guidance.

Past performance is not a reliable indicator of future results.

FAQ

Who owns the most Freenet stock?

Freenet has a broad shareholder base rather than a single controlling owner. According to the company's latest published shareholder information, BlackRock is the largest disclosed shareholder above the relevant reporting thresholds, with voting rights of 6.37% at the end of 2025. Most remaining voting rights are in free float, so ownership is spread across institutional and private investors. Shareholdings can change as investors buy, sell or adjust positions.

What is the five-year Freenet share price forecast?

The article does not cite a five-year FNTN stock forecast. The available third-party analysis focuses on 12-month targets of €22–€29, with a consensus average near €27. Extending those figures over five years would add assumptions that the cited analysts haven't made. Freenet's longer-term share price could depend on factors such as mobile and TV growth, cash generation, competition, dividends and wider market conditions.

Is Freenet a good stock to buy?

Whether Freenet is a good stock to buy depends on your objectives, risk tolerance and view of the company, and this article does not make a recommendation. Recent analyst opinions are mixed, with targets ranging from €22–€29. Competitive pressure and weaker operating performance could weigh on the shares, while cash generation, dividend policy, stable costs or stronger trading could support them. Analyst targets are uncertain and can change as new information emerges.

Could Freenet stock go up or down?

Yes. Freenet shares could move either higher or lower. Stronger-than-expected trading, steadier costs, cash generation or confidence in the company's dividend policy could support the price. Conversely, weaker earnings, competitive pressure in mobile or TV, or softer guidance could weigh on it. Broader factors such as interest-rate expectations and European equity sentiment may also matter. Technical levels and analyst targets can provide context, but they do not reliably predict future movements.

Should I invest in Freenet stock?

Whether you should invest in Freenet depends on your personal circumstances, objectives and tolerance for risk, so this article cannot provide an individual recommendation. Freenet has potential supportive factors such as cash generation, confirmed 2026 guidance and its dividend commitment, but it also faces risks including competitive pressure and uncertain growth. The share price has been volatile, and analyst views remain mixed. Consider the company's fundamentals, risks and your own financial situation before making any decision.

Can I trade Freenet CFDs on Capital.com?

Yes, you can trade Freenet CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.