Why is Rheinmetall stock up today?

The Bundeswehr expanded its 30×173 mm Puma ammunition framework to about €1 billion through 2028, with additional call-offs possible. That boosts order visibility and supports earnings confidence. Broader defense sentiment is also firm, helped by geopolitical risks. This combination lifted the shares by around 9% intraday.

What is the Bernstein price target on Rheinmetall?

Bernstein reiterated an Outperform rating and set a €2,000 price target. The firm highlights order backlog strength and better earnings visibility following new contract news. While supportive, the target still implies selective upside from current levels, and execution on margin and cash conversion remains key.

Is the rally in Rheinmetall shares sustainable?

The setup is constructive given multi-year revenues and strong demand, but the valuation is rich. Momentum indicators are overbought, so pullbacks can happen. Sustainability depends on continued order intake, backlog conversion, and margin gains. Staged entries on dips and clear risk limits make sense for most investors.

What levels are most important for traders now?

Initial support sits near €1,680 and the 200-day average around €1,683, with deeper support at the 50-day near €1,607. Resistance is the round €1,800 level and the €2,008 year high. A sustained hold above the upper Bollinger band would keep the short-term uptrend intact.

Global Market Insights

RHM.DE Stock Today: Bundeswehr Ammo Deal Lifts Shares — January 6

ByHuzaifa Zahoor January 6, 2026January 6, 2026

Rheinmetall stock is rallying in Frankfurt on January 6 after the Bundeswehr expanded its 30×173 mm Puma ammunition framework. The package now totals roughly €1 billion through 2028, with further call-offs worth several hundred million euros. RHM.DE traded near €1,752, up about 9%, helped by firm defense sentiment amid Venezuela tensions. Bernstein kept Outperform while trimming its price target to €2,000, citing strong backlog and earnings visibility. We explain what this move means, the key levels, and how German investors can approach the setup.