Volkswagen Stock: Q1 Results and RBC Analyst Outlook

Volkswagen AG is scheduled to release its quarterly financial figures on April 30.

Analyst Ratings and Price Targets

RBC Capital Markets reiterated an Outperform rating for Volkswagen on April 14, 2026, maintaining a price target of 135 euros. This rating follows a pre-earnings conference call with analysts, during which the firm noted that net cash flow could exceed expectations.

Earlier, on February 17, 2026, RBC Capital Markets had also maintained the Outperform rating and the 135 euro target, citing capital-allocation discipline and cost measures as key factors.

In contrast, J.P. Morgan maintains a Neutral rating on the automotive manufacturer, with a 12-month price target set at 110 euros.

2025 Performance Data

The company provided updates regarding its 2025 performance in January 2026. On January 20, 2026, Volkswagen reported that group deliveries for 2025 were approximately 8.98 million vehicles, representing a 0.5% decrease compared to the previous year.

On January 21, 2026, the company reported that its automotive net cash flow for 2025 was approximately 6 billion euros. This figure exceeded both prior guidance and market expectations.

Market Context

As of February 12, 2026, Volkswagen AG shares were trading at approximately 102.79 euros during early European dealings, with an intraday range between 101.59 euros and 104.79 euros.

This trading activity occurred alongside general strength in German equities, with the DE40 index remaining higher than it was one year prior as of February 12, 2026.