Deutsche Telekom stock forecast: Pre-FY2025 price targets
Deutsche Telekom is a Germany-based telecommunications company listed on the Frankfurt Stock Exchange, with operations spanning mobile, broadband and digital services in Europe and the US through T-Mobile US. Explore third-party DTE price targets and technical analysis.
Deutsche Telekom AG (DTE) is trading around €32.68 on 20 February 2026, within an intraday range of €32.34–€32.76 on Capital.com’s platform as of 2:23pm UTC. Past performance is not a reliable indicator of future results.
The move comes amid continued focus on the group’s latest reported quarterly figures. Deutsche Telekom stated that third-quarter 2025 net revenue rose to about €28.9bn in organic terms, while adjusted EBITDA AL also edged higher. Free cash flow, however, declined as the company continued to invest in network and digital infrastructure (Deutsche Telekom, 13 November 2025). The market is also monitoring corporate actions, including an ongoing share buyback that saw over 1.2 million shares repurchased between 9 and 13 February 2026 (MarketScreener, 16 February 2026). In addition, investors are looking ahead to the company’s financial calendar, with full-year 2025 results scheduled for publication on 26 February 2026 (Deutsche Telekom, 20 February 2026).
Deutsche Telekom stock forecast 2026–2030: Third-party price targets
As of 20 February 2026, third-party Deutsche Telekom stock predictions represent a broad range of views. These third-party estimates are indicative only and reflect each provider’s assumptions, models and update schedules.
Deutsche Bank Research (broker target)
Deutsche Bank Research maintains a DTE stock forecast of €42, with a ‘buy’ rating. The commentary states that the stock remains attractively valued in the bank’s view after recent gains. The bank highlights the group’s defensive characteristics within its European telecoms coverage and the contribution from T-Mobile US as part of its assessment (MarketScreener, 17 February 2026).
Barclays (broker target adjustment)
Barclays reduces its Deutsche Telekom target price from €40 to €38.50 while retaining a ‘buy’ rating. The note highlights regulatory and competitive factors in the sector as key elements in its assumptions, alongside ongoing discussions around growth prospects and capital allocation (MarketScreener, 29 January 2026).
Simply Wall St (DCF-based fair value)
Simply Wall St reports that its discounted cash flow (DCF) model implies a fair value of about €113.19 per Deutsche Telekom share, compared with a then-recent market price of €30.20. The platform states that this gap reflects long-term cash flow projections extending to 2030 and the discount rate applied in its model, alongside assumptions about future cash generation and sector positioning (Simply Wall St, 10 February 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.
DTE stock price: Technical overview
On the daily chart the DTE stock price is trading around €32.68 as of 2:23pm UTC on 20 February 2026. The price holds above its main moving average cluster, with the 20-, 50-, 100- and 200-day simple moving averages (SMAs) near 30, 29, 28 and 30 respectively. The 20-day average remains above the 50-day average, indicating positive short-term momentum, while the 14-day relative strength index (RSI) at around 70.7 suggests the market is in overbought territory. The average directional index (ADX) near 29.9 signals a trend environment rather than a range-bound phase.
On the topside, the nearest classic pivot level above the current price is the R1 area around 29.4, with the R2 region near 30.6 coming into focus if price action sustains a move beyond the initial resistance zone. On pullbacks, the classic pivot at approximately 27.7 may act as initial support. The 100-day SMA near 28 represents a secondary support area, and a sustained move below this zone would bring the S1 area around 26.5 into consideration as the next technical level (TradingView, 20 February 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.
Deutsche Telekom share price history (2024–2026)
DTE’s stock price share price has trended higher over the past two years, rising from the low-€20s in early 2024 to the low-€30s by February 2026. The stock closed at about €22.38 on 22 February 2024 and moved gradually higher through the remainder of that year, finishing 2024 near €28.87 on 30 December.
In 2025 and early 2026, DTE traded in the mid-€30s during the spring of 2025 before consolidating mostly between €26 and €33 in the second half of the period. By 20 February 2026, Deutsche Telekom was changing hands at around €32.72. This places the share price roughly 46% above its late-February 2024 level and above its end-December 2025 close of around €27.83.
Past performance is not a reliable indicator of future results.
Deutsche Telekom (DTE): Capital.com analyst view
Over the past two years, Deutsche Telekom’s share price has established an upward trend, moving from the low-€20s in early 2024 to the low-€30s by February 2026. The advance included periods of consolidation, with the stock reaching the mid-€30s in 2025 before settling into a broad €26–€33 range more recently.
Several factors may continue to influence DTE’s price action. These include earnings delivery, progress on network investment and share buybacks, and developments at T-Mobile US. Broader conditions in European telecoms and equity markets may also affect sentiment and valuation multiples. Stronger-than-expected results or supportive sector trends could provide support, while weaker earnings, regulatory developments, competitive pressures or macroeconomic headwinds could weigh on the share price. CFD traders should also consider volatility and leverage risks when assessing short-term opportunities.
Capital.com’s client sentiment for Deutsche Telekom CFDs
As of 20 February 2026, Capital.com client positioning in Deutsche Telekom CFDs shows 94.2% of traders holding long positions compared with 5.8% holding short positions. This places long exposure ahead by approximately 88 percentage points. The data reflects open CFD positions on Capital.com at the time of writing and may change as market conditions evolve.
Summary – Deutsche Telekom 2026
- As of 2:23pm UTC on 20 February 2026, Deutsche Telekom (DTE) was trading near €32.68, within an intraday range of €32.34–€32.76.
- Over the past two years, the share price has moved from the low-€20s in early 2024 to the low-€30s, with a period in the mid-€30s during 2025 followed by consolidation between €26 and €33.
- Technical indicators show the price trading above its key 20-, 50-, 100- and 200-day moving averages, with the RSI in overbought territory and trend strength readings suggesting a directional phase rather than a range.
- Market participants are monitoring earnings updates, capital allocation decisions, performance at T-Mobile US and broader sector and macroeconomic developments. As with all equity and CFD markets, price movements can be influenced by both company-specific and external factors, and forecasts remain subject to uncertainty.
Past performance is not a reliable indicator of future results.
FAQ
Who owns the most Deutsche Telekom stock?
Deutsche Telekom’s largest single shareholder is the Federal Republic of Germany, which holds a significant stake both directly and through the state development bank KfW. The remaining shares are held in free float by a mix of institutional investors, asset managers and retail shareholders. Ownership structures may change over time as a result of market transactions, share buybacks and regulatory disclosures, so the distribution of holdings is not static.
What is the 5-year Deutsche Telekom share price forecast?
There is no single agreed five-year DTE stock forecast. Most publicly available analyst targets focus on 12-month horizons, while longer-term projections depend on assumptions about earnings growth, cash flow, capital expenditure, regulation, competition and broader market conditions. Over a five-year period, developments such as T-Mobile US performance and macroeconomic trends could have a material impact on valuation. Long-term forecasts are therefore inherently uncertain and subject to revision.
Is Deutsche Telekom a good stock to buy?
Whether Deutsche Telekom is a ‘good’ stock will depend on your individual objectives, time horizon and risk tolerance. Analysts refer to factors such as earnings resilience, cash flow generation and sector positioning, while also highlighting risks including regulatory change, competitive pressures and macroeconomic headwinds. Share prices can fluctuate, and past performance is not a reliable indicator of future results. Traders and investors typically assess both fundamental and technical factors before making decisions.
Could Deutsche Telekom stock go up or down?
Like any listed equity, Deutsche Telekom’s share price can move in either direction. Company results, guidance updates, regulatory developments, interest rate expectations and broader equity market trends may influence price action. Technical levels and market positioning can also affect shorter-term movements. Unexpected events may increase volatility, particularly for CFD traders using leverage, where both gains and losses can be magnified.
Should I invest in Deutsche Telekom stock?
The decision to invest in Deutsche Telekom shares is personal and depends on your financial circumstances, investment goals and appetite for risk. Equities can offer potential returns, but they also involve capital risk and exposure to market volatility. This article provides general market information for educational purposes only and does not constitute investment advice. You may wish to carry out your own research or seek independent financial advice before investing.
Can I trade Deutsche Telekom CFDs on Capital.com?
Yes, you can trade Deutsche Telekom 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.