Should I Buy DB? DB 2026 Analysis

Should You Buy Deutsche Bank AG (DB) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

37.220

1 Day change

3.02%

52 Week Range

40.430

Analysis Updated At

2026/02/04

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Not a good buy right now: price is breaking down sharply (-5.37% today, further weakness pre-market) and sentiment is risk-off.
No Intellectia edge today: AI Stock Picker = no signal; SwingMax = no recent signal, so there’s no proprietary “strong buy” trigger.
Options positioning is bearish/defensive (put-heavy), and news flow is dominated by regulatory/investigation risk.
For an impatient buyer, the odds favor more chop/downside before a clean bounce setup appears—so the correct action is HOLD/AVOID new entry today.

Technical Analysis

Trend/momentum: Short-term momentum is bearish (MACD histogram -0.121 and expanding negatively), consistent with the sharp selloff.
RSI: RSI(6) ~30.95 is near oversold, which can fuel bounces, but it’s not a standalone buy signal given the negative MACD and breakdown.
Moving averages: SMA_5 > SMA_20 > SMA_200 remains bullish, implying the longer trend was up, but today’s drop suggests a short-term trend break/pullback is in control.
Key levels: Current 37.61 is below S1 (38.078) and just above S2 (37.426). If S2 fails, downside can accelerate; a recovery would first need to reclaim the pivot (~39.13).
Pattern-based forward read: Similar-pattern stats lean negative over the next month (model: ~-2.94% next month).

Options Data

Bearish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

Sentiment: Put open interest exceeds calls (P/C OI 1.2) and put volume dominates (P/C volume 1.83) → bearish/hedging bias.
Activity/positioning: Total OI ~64,970; volume today 568. Reported volume vs 30-day average is very high (27.22x), suggesting a notable options reaction to the move/news.
Volatility: IV(30d) ~36.2 vs HV ~24.78 → options are pricing elevated near-term uncertainty; however IV percentile (25.1) and IV rank (8.91) indicate IV is not extreme vs the broader lookback.
Takeaway: Options market is leaning defensive, consistent with a “not-yet” entry rather than a confident dip-buy.

Technical Summary

Sell

Buy

Positive Catalysts

- Fundamental momentum: 2025/Q4 showed strong YoY growth in revenue (+7.73%) and a very large jump in net income/EPS (both ~+550% YoY).
- Business development: Appointed successor depositary bank for Swisscom ADR program (incremental positive franchise/fee visibility).
- Outlook item: Management expects net interest income to rise toward ~€14B in 2026 (directionally supportive, even if below consensus).

Neutral/Negative Catalysts

- Event-driven risk: German authorities raided Deutsche Bank offices tied to a money-laundering investigation linked to Roman Abramovich—headline/regulatory overhang that can pressure the stock.
- Price action: Large gap/down move with bearish momentum indicators increases probability of follow-through selling.
- Options sentiment: Put-heavy positioning suggests traders are still protecting against more downside.
- Flows/visibility: Hedge funds and insiders are reported neutral (no supportive buying trend to lean on right now).
- Politicians/influencers: No recent congress trading data available (no supportive signal from that channel).

Financial Performance

Latest quarter: 2025/Q4.
Revenue: 7.781B, up 7.73% YoY (solid top-line growth).
Profitability: Net income 1.298B, up 552.26% YoY (large swing; likely benefits from easier comps and/or one-offs—still positive momentum).
EPS: 0.65, up 550% YoY (strong reported earnings acceleration).
Overall read: Quarter prints strong, but today’s tape is being driven more by investigation/news + risk sentiment than by quarterly fundamentals.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Price targets have generally been raised (JPMorgan to €40; Morgan Stanley to €40; earlier MS/JPM increases; RBC slightly lowered to €38). Directionally, that’s constructive.
Ratings split: Multiple Overweight/Outperform views (JPM/MS/RBC) versus Citi maintaining a Sell despite raising its target to €30.70.
Wall Street pros: Improving targets and continued Overweight stance from major banks suggests confidence in the medium-term earnings/return story.
Wall Street cons: A notable Sell-rated outlier (Citi) plus the current investigation headline risk can cap valuation and keep a risk discount in place.
Net: Street is broadly constructive on medium-term value, but near-term catalysts are negative—making it a poor “buy-right-now” setup for an impatient entry.

11 Analyst Rating

Wall Street analysts forecast DB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DB is 41.98 USD with a low forecast of 35.44 USD and a high forecast of 46.63 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

7 Buy

4 Hold

0 Sell

Moderate Buy

Current: 36.130

Low

35.44

Averages

41.98

High

46.63

Current: 36.130

Low

35.44

Averages

41.98

High

46.63

Citi

NULL -> Sell

downgrade

AI Analysis

2026-01-22

Reason

Citi

Price Target

AI Analysis

2026-01-22

downgrade

NULL -> Sell

Reason

Citi raised the firm's price target on Deutsche Bank to EUR 30.70 from EUR 27.40 and keeps a Sell rating on the shares.

JPMorgan

NULL -> Overweight

upgrade

2026-01-09

Reason

JPMorgan

Price Target

2026-01-09

upgrade

NULL -> Overweight

Reason

JPMorgan raised the firm's price target on Deutsche Bank to EUR 40 from EUR 38.40 and keeps an Overweight rating on the shares.

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DB Should I Buy

DB Should I Buy

Should You Buy Deutsche Bank AG (DB) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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