10:21 AM EDT, 05/14/2026 (MT Newswires) -- BofA Global Research lifted the price objective for Siemens (SIE.F) to 300 euros from 295 euros, highlighting order growth at the German technology group's industrial business segment as the "clear standout"in its fiscal second quarter.

"Siemens ind business posted 2Q orders c9% above cons, with the key drivers being Smart Infra (+35% org growth vs +11.7% cons) and Mobility (+41% org growth vs +13.7% cons). [Smart Infrastructure] benefitted from large orders in datacenters (triple-digit growth), where mgmt. believe they're gaining market share,"analysts said Thursday. "We expect the momentum to continue given the continued strength in hyperscaler investment, and revenue growth is supported by the strong orders, but also the capacity expansions in the US."

The research firm also slightly raised its estimates for Siemens, factoring in the upgraded guidance in its Digital Industries and Smart Infrastructure businesses and "solid"fiscal second-quarter results.

The buy rating on the stock was reiterated.