TKMS stock forecast: Third-party price targets
TKMS AG entered the public markets at a time when defence, industrial capacity and government procurement were already under close scrutiny.
As a newly listed company with roots in a long-established industrial group, its early trading history reflects both inherited fundamentals and the dynamics of price discovery.
TKMS AG (TKMS) is quoted at €91.65 on Capital.com as of 1:20pm UTC on 12 January 2026, trading at the upper end of its stated intraday range between €81.91 and €91.65 for this session in euro terms. This price level follows the stock’s listing on the Frankfurt Stock Exchange in October 2025, when trading began after the spin-off of thyssenkrupp’s marine business. Past performance is not a reliable indicator of future results.
Price action is taking place amid continued focus on TKMS’s defence exposure after the group secured a service and modernisation contract worth more than €800 million for six Type 212A submarines for the German Navy, alongside an order backlog reported at approximately €18 billion as of May 2025 (Thyssenkrupp, 27 June 2025). The wider backdrop includes elevated levels of German defence procurement, with recent parliamentary approvals lifting 2025 military equipment spending and supporting demand expectations for naval platforms (Reuters, 27 December 2025).
TKMS stock forecast 2026–2030: Third-party price targets
As of 12 January 2026, third-party TKMS stock predictions indicate a range of views on the newly listed German naval shipbuilder, with one-year targets generally concentrated in the high €60s to low €80s per share and a small number of estimates extending towards €100. These third-party figures reflect individual institutional assumptions and are not guaranteed outcomes.
Bernstein Research (broker rating update)
Bernstein Research lowered its TKMS stock forecast to €67 while upgrading the stock to Market Perform. The note highlights TKMS’s position as a national champion in German naval markets and describes management’s 2026 and mid-term EBIT targets as conservative, given expectations for revenue growth and margin expansion (Investing.com, 6 January 2026).
Deutsche Bank Research (broker update)
Deutsche Bank Research raised its TKMS 12-month target from €80 to €82 and maintained a buy rating. The analyst points to increased confidence in medium-term margin potential following annual results, with the growth outlook linked to large contracts and a more robust long-term pipeline (MarketScreener, 15 December 2025).
MarketScreener (consensus dashboard)
MarketScreener shows an average TKMS target price within a range of approximately €78.40, with a highest target of €102 and a lowest target around €61, based on a sample of four to five covering analysts. The consensus spans Hold to Outperform ratings, with the spread reflecting differing assessments of execution risk, contract timing and the durability of elevated defence budgets (MarketScreener, 12 January 2026).
TradingView / multi-analyst feed (aggregated one-year target)
A multi-analyst feed collated on TradingView indicates a one-year TKMS price target around €81.35, with a maximum estimate of €102 and a minimum estimate of €61. The aggregation suggests an overall neutral stance, with the dispersion between estimates tied to assumptions around future submarine and surface-vessel orders, earnings variability and broader defence-sector sentiment (TradingView, 12 January 2026).
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.
TKMS stock price: Technical overview
The TKMS stock price is around €91.65 as of 1:20pm UTC on 12 January 2026, positioned well above its short-term moving-average cluster, with the 10-, 20-, 30- and 50-day simple moving averages around €75, €71, €69 and €70 respectively. This configuration keeps the near-term trend pointed higher. The 10-day EMA near €77 and 20-day EMA around €73 also sit below the current price, while the 9-period Hull moving average near €87 signals a faster recent upswing relative to the broader SMA band.
Momentum indicators appear stretched, with the 14-day RSI near 78, while the ADX at around 24 suggests a developing, though not extreme, trend. On the upside, the first classic resistance level is near €74.36 (R1), with €82.61 (R2) coming into focus only after a sustained daily close above that initial pivot. On the downside, the classic pivot at €67.75 represents the first notable support area, with S1 around €59.50 marking a deeper retracement zone should price momentum weaken (TradingView, 12 January 2026).
This technical analysis is provided for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.
TKMS share price history (2024–2026)
TKMS AG listed on the Frankfurt Stock Exchange in late 2025, with the TKMS stock price initially trading in the high €70s to low €80s before entering a period of consolidation into year-end. During November and December 2025, the stock generally moved between approximately €60 and €80, experiencing several swings as it dipped towards the low €60s before rebounding towards the high €70s in the final weeks of the year.
In early 2026, the share price moved higher, climbing from around €70 on 2 January to €92.30 by 12 January, with a run of firmer closes above €80 in recent sessions. As a result, TKMS is trading well above its late-2025 range as of 12 January 2026, reaching new highs relative to its initial post-listing levels.
Past performance is not a reliable indicator of future results.
TKMS (TKMS): Capital.com analyst view
Since listing, TKMS’ share price has reflected active two-way trading, with the share spending much of late 2025 within a broad €60–€80 range before breaking higher in early January 2026. The move from around €70 at the start of the year to above €90 by 12 January highlights renewed market interest, while also illustrating how quickly conditions can change for a relatively new listing with a limited trading history.
Market participants continue to focus on TKMS’s exposure to defence spending, where large naval contracts and a substantial order backlog are often cited as potential revenue supports. At the same time, project timing, execution risk and shifts in budget priorities remain factors that could influence sentiment. Broader equity-market conditions, changes in risk appetite and sector rotation within industrials and defence may also affect the share price, meaning short-term movements can reflect macroeconomic trends as well as company-specific developments.
Summary – TKMS stock price (2026)
- TKMS AG listed in Frankfurt in late 2025, providing investors with direct exposure to the German naval shipbuilding business following the carve-out from thyssenkrupp.
- Post-listing trading was active, with the share largely oscillating between approximately €60 and €80 into year-end as the market absorbed the IPO and early guidance.
- Price action during November and December 2025 featured multiple swings between the low €60s and high €70s, underscoring relatively elevated short-term volatility for a new listing.
- Analysts’ published 12-month targets into late 2025 and early 2026 mostly fell within the high €60s to low €80s range, with a small number of higher estimates near €100, reflecting differing assumptions around contracts and margins.
Past performance is not a reliable indicator of future results.
FAQ
Who owns most of TKMS stock?
TKMS AG became a separately listed company following its spin-off from thyssenkrupp in October 2025. Since listing, ownership has been split between thyssenkrupp as the former parent, institutional investors and public shareholders trading on the Frankfurt Stock Exchange. The composition of major shareholdings can change over time and is typically disclosed through regulatory filings and company reports, rather than remaining fixed.
What is the five-year TKMS share price forecast?
There is no reliable five-year share price forecast for TKMS AG, as the company has a limited trading history following its late-2025 listing. Longer-term projections depend on factors such as defence spending trends, contract delivery, margins and broader economic conditions. To date, analyst coverage has largely concentrated on shorter-term horizons, while longer-term outcomes remain uncertain and subject to change.
Is TKMS a good stock to buy?
Whether TKMS is considered attractive depends on individual circumstances, risk tolerance and market outlook. The company operates in the defence and naval shipbuilding sector, with a reported order backlog and exposure to government spending. At the same time, performance may be influenced by project execution risk, budget shifts and broader market conditions. This information is provided for context only and does not constitute investment advice.
Could TKMS stock go up or down?
Like any listed share, TKMS stock can move both up and down. Price movements may reflect company-specific developments such as contract announcements or financial results, as well as wider factors including defence policy decisions, market sentiment and global economic trends. As a relatively new listing with a short trading history, TKMS may also experience periods of higher volatility compared with more established stocks.
Can I trade TKMS CFDs on Capital.com?
Yes. Trading TKMS share CFDs on Capital.com 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.