04:41 AM EDT, 05/14/2026 (MT Newswires) -- RBC Capital Markets increased its price target and estimates for Porsche AG (P911.F), expecting the German automaker to achieve its EBIT margin targets after first-quarter results surpassed expectations.

"Porsche's Q1 beat reflects favorable mix from higher-trim variants, and improves our confidence that the company can reach its margin targets despite headwinds from [foreign exchange], special items, and unfavorable mix given the electric Cayenne launch and ICE Macan phase-out. That said, China volumes are expected to come in even lower vs prior guidance,"analysts said Wednesday.

For the three months ended March 31, the company posted revenue of 8.4 billion euros and an operating margin of 7.1%, surpassing the consensus of 6.6%. Porsche upheld its 2026 guidance for return on sales of 5.5% to 7.5% despite market uncertainties.

As such, the research firm lifted its adjusted EBITDA estimates to 6.27 billion euros from 6.26 billion euros for 2026, and to 6.97 billion euros from 6.95 billion euros for 2027. Revenue forecasts for the two years were also updated, with the 2026 figure nudged higher and the 2027 assumption trimmed.

The stock's price target rose to 41 euros from 40 euros, with a sector perform rating.