Is Rheinmetall stock a buy after the recent pullback?

The pullback improves risk-reward, but valuation is still rich at a PE near 82. If orders convert and margins expand into 2026, upside toward target ranges is possible. Traders may wait for a close above €1,629 and €1,676. Long-term investors can scale in with clear risk limits.

How important is Leopard 2 demand for Rheinmetall stock?

It is central. Leopard 2 fleets across Europe need ammunition, upgrades, turrets, and spares, which support multi-year revenue visibility. This demand helps backlogs and margins, and it fits with NATO replenishment priorities. Delivery pace and pricing discipline will determine how much of that demand turns into earnings and cash.

What does the 2026 defense pivot mean for valuation?

A pure defense profile can simplify the story, improve margin mix, and reduce the conglomerate discount. If management delivers on growth and cash conversion, valuation could hold or expand. If growth slows or cash flow lags, premium multiples could compress. Guidance and contract execution will drive the outcome.

What key levels should traders watch on Rheinmetall stock?

Near term, the middle Bollinger band around €1,543, the 50-day at €1,629, and the 200-day at €1,676 matter. A sustained close above these would improve momentum. On risk, the lower Bollinger band near €1,440 is a reference for stops or reassessment, depending on each trader’s plan.

Global Market Insights

RHM.DE Stock Today: December 28 – Leopard 2 demand, 2026 pivot

ByHuzaifa Zahoor December 28, 2025December 28, 2025

Rheinmetall stock is back on watch in Germany after a sharp pullback from record highs. Shares of RHM.DE trade at €1,541 today, down 0.26%, about 22% below the €2,008 peak. Investors weigh peace headlines against firm Leopard 2 demand and a planned 2026 defense pivot. With consensus chatter around buy-rated targets near €2,200, the setup looks balanced: premium valuation, but strong order visibility. We break down price, technicals, budgets, and catalysts for DE investors considering Rheinmetall stock now.