Analyst Ratings / independent assessments

The list below contains the key analysts observations available to us for the purpose of rating PVA TePla AG.

Forecasts and estimates presented by the analysts listed regarding the performance of the PVA TePla share reflect their own views and do not represent the views of PVA TePla AG or of the Management Board of PVA TePla AG.

Institution	Analyst	Date	Recommendation	Target price
Alphavalue	Utsav Sinha	27.10.2025	Buy	35.40€
Berenberg	Gustav Froberg	27.10.2025	Buy	39.00€
BNP Paribas	Martin Jungfleisch	24.10.2025	Underperform	23.00€
Deutsche Bank	Michael Kuhn	24.10.2025	Buy	32.00€
Edison	Edwin De Jong	29.10.2025	Buy	31.63€
Jefferies	Constantin Hesse	24.10.2025	Buy	37.00€
Matelan	Hartmut Moers	27.10.2025	Buy	32.60€
Montega	Bastian Brach	28.10.2025	Buy	35.00€
ODDO BHF	Maissa Keskes	27.10.2025	Buy	37.00€
SMC Research	Adam Jakubowski	27.10.2025	Hold	29.70€

Important note: PVA TePla AG does not endorse any recommendations to purchase, hold, or sell securities and accepts no liability for the accuracy of the statements.