Deutsche Bank raised its price target on London Stock Exchange Group to 11,900p from 11,400p, with analyst Benjamin Goy repeating a Buy recommendation that implies some 25% upside for the share.
Goy highlighted that LSEG, the global financial‑markets infrastructure group, delivered solid first‑quarter 2026 results with group revenue up 10% year‑on‑year and improving subscription growth that accelerated quarter‑on‑quarter and is defying AI concerns, while strong take-up of the new MCP connector suggests AI may be a net growth driver rather than solely a disruption risk.
In a note following LSEG's recent results, the DB analyst nudged forecasts up c.1% despite a negative FX mark‑to‑market and, after rolling the valuation to 2027 estimates, raised the bank's target to 11,900p from 11,400p, and noted that LSEG now trades on around 17.6x 2027E EPS and 12.5x 2027E EV/EBIT.
The broker flags continued subscription momentum and broader adoption of the MCP connector as the key catalysts to validate the Buy call.
