Siltronic: Temporary Guidance Weakness as a Cleansing Phase Supporting a Buy Rating

Analyst Constantin Hesse of Jefferies maintained a Buy rating on Siltronic, retaining the price target of €66.00.

Constantin Hesse has given his Buy rating due to a combination of factors that, in his view, make the current weakness in Siltronic’s guidance more of a temporary setback than a structural issue. While the company’s 2026 outlook for sales and EBITDA is clearly softer than market expectations, he interprets this as a cleansing phase that resets consensus to more realistic levels and reduces the risk of further negative surprises.

He also highlights that the share price resilience despite the disappointing guidance suggests investors had already anticipated much of the bad news. Together with plans for materially lower capital expenditure and an expected recovery in volumes toward the later part of the period, Hesse sees improving cash generation and operational leverage ahead, which support upside potential from the current valuation.

Hesse covers the Industrials sector, focusing on stocks such as PVA TePla, Nordex, and Interroll Holding AG. According to TipRanks, Hesse has an average return of 4.4% and a 42.80% success rate on recommended stocks.

In another report released on February 3, Kepler Capital also maintained a Buy rating on the stock with a €65.00 price target.