ETR:VH2 Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, ETR:VH2 stock has a consensus rating of "Hold" and an average price target of €86.50. The average 1-year stock price forecast is 22.70% higher than the current stock price, while the lowest is €60.00 (-14.89%) and the highest is €111.00 (+57.45%).

Price Target: €86.50 (+22.70%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	€60.00	€86.50	€87.50	€111.00
Change	-14.89%	+22.70%	+24.11%	+57.45%

* Price targets were last updated on May 13, 2026.

Analyst Ratings

The average analyst rating for ETR:VH2 stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '25	Jan '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	3	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	1
Sell	0	0	0	0	0	0
Strong Sell	2	2	2	2	2	1
Total	5	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Lasse Stueben Berenberg Bank	Berenberg Bank	Buy Maintains €110.00	Buy	Maintains	€110.00	+56.03%	May 13, 2026
Martin Comtesse Jefferies	Jefferies	Sell Maintains €65.00	Sell	Maintains	€65.00	-7.80%	May 12, 2026

Financial Forecast

Revenue This Year

766.55M

from 706.11M

8.56%

from 706.11M

Revenue Next Year

856.70M

from 766.55M

11.76%

from 766.55M

EPS This Year

4.68

from 4.33

8.08%

from 4.33

EPS Next Year

5.05

from 4.68

7.80%

from 4.68

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	279.18M	369.59M	374.59M	499.08M	706.11M	766.55M
Revenue Growth	-4.38%	32.38%	1.35%	33.23%	41.48%	8.56%
Gross Profit	165.08M	172.53M	169.21M	251.43M	370.29M	418.03M
Gross Margin	59.13%	46.68%	45.17%	50.38%	52.44%	54.53%
Operating Income	35.11M	16.16M	-1.90M	52.10M	114.09M	142.45M
Net Income	26.77M	17.14M	10.15M	35.77M	86.50M	94.90M
EPS	-	-	-	-	4.33	4.68
EPS Growth	-	-	-	-	141.90%	8.08%
Forward PE	18.00	13.73	23.95	18.48	20.65	15.06
Dividend / Share	0.20	0.12	0.12	0.30	0.70	1.12
Dividend Growth	-	-40.00%	-	150.00%	133.33%	60.00%
Free Cash Flow	5.05M	-49.27M	3.64M	100.34M	87.54M	70.85M
No. Analysts	-	-	-	-	-	4

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Revenue	2026	2027	2028
High	780.0M
Avg	766.6M
Low	753.6M

Revenue Growth

Revenue Growth	2026	2027	2028
High	10.5%
Avg	8.6%
Low	6.7%

EPS Forecast

EPS	2026	2027	2028
High	5.19
Avg	4.68
Low	4.47

EPS Growth

EPS Growth	2026	2027	2028
High	19.9%
Avg	8.1%
Low	3.2%