WallStSmart
DB

Deutsche Bank AG

NYSE: DB · FINANCIAL SERVICES · BANKS - REGIONAL

$31.05
+1.24% today

Updated 2026-04-30

Market cap
$61.09B
P/E ratio
8.79
P/S ratio
2.06x
EPS (TTM)
$3.62
Dividend yield
3.19%
52W range
$25 – $40
Volume
3.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Deutsche Bank AG (DB) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$31.05
Consensus
$45.00
+44.93%
2030 Target
$264.95
+753.30%
DCF
—
—
3 analysts:
0 Buy2 Hold1 Sell

Management guidance

CEO Christian Sewing targets revenue exceeding €37 billion by 2028 (approximately $40.7B USD equivalent). Management expects €8 billion in shareholder returns for 2025 and has guided to over 10% RoTE, with stable revenue outlook across business units and confidence in achieving profitability targets.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$443.57
$43.0B Rev × 20x P/S
Base case (2030)
$264.95
$43.0B Rev × 12x P/S
Bear case (2030)
$178.62
$43.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$59.3B$66.3B$60.9B$33.3B$34.7B$40.7B$41.7B$43.0B
Revenue growth—11.8%-8.3%12.1%4.1%17.3%2.5%3.0%
EPS$2.24$2.37$3.19$3.47$3.90$4.85$5.15$5.50
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$205.41$214.34$253.05$259.00$264.95

Catalysts & risks

Growth catalysts
+ Strategic exit from India retail unit ($480.3M to Kotak Mahindra), reallocating capital to higher-margin corporate and private banking
+ Q1 2026 earnings release expected April 29, 2026, following record 2025 annual profits
+ Execution of €37B+ revenue target by 2028 through investment bank strength, capital markets growth, and emerging markets private banking expansion (50 new hires planned)
+ Resolution of private credit portfolio transparency concerns ($25.9B exposure) through ongoing capital distributions
+ Active share buyback program (20.8M shares repurchased since Feb 26, 2026) supporting EPS accretion
Key risks
- Private credit portfolio opacity and concentration risk creating valuation discount despite record profits; 27% YTD stock decline despite record earnings signals investor skepticism
- Analyst consensus remains mixed (1 Strong Sell, 2 Hold, 0 Buy among 3 analysts) with zero positive price targets; Goldman Sachs downgraded from Buy to Hold in Aug 2025, Citigroup to Strong Sell in Jul 2025
- Macroeconomic headwinds including interest rate volatility, regulatory scrutiny, and potential European economic slowdown impacting investment banking and trading revenues
- Currency headwinds (EUR/USD volatility) affecting USD-denominated revenue translation; 2024-2025 showed near-flat growth (0.08-0.18%) after 2023 spike
- Flat Q1 2026 investment bank revenue guidance from CEO suggests growth deceleration despite capital markets strength

Methodology

Deutsche Bank AG's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 3 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.