Campari stock gains on UBS Buy rating and growth outlook

Campari Group stock (ISIN NL0015435975) is trading close to EUR 5.93 on Euronext Milan as of September 17, 2026, after UBS reiterated a Buy rating and raised its price target to EUR 7.00, signaling confidence in the spirits maker’s medium-term growth path.

UBS lifts price target and details 2026 expectations

According to MarketScreener on September 18, 2026, UBS confirmed its Buy rating on Campari and lifted the price target to EUR 7.00, compared with a Campari share price of EUR 5.928 at the close on September 17, 2026.

As MarketScreener reports, Campari’s management has confirmed guidance for about 3 percent organic sales growth in 2026, while UBS forecasts 3.4 percent, underlining a modest upside versus the company’s own expectations.

For the 2026 financial year, UBS estimates Campari revenue of EUR 3.08 billion, EBITDA of EUR 788 million, EBIT of EUR 642 million and adjusted net income of EUR 392 million, highlighting an expected margin structure that investors can use as a benchmark against upcoming quarterly reports, according to MarketScreener.

Latest reported figures and valuation context

Per the Campari equity overview on Investing.com, the company most recently reported quarterly revenue of EUR 643.0 million, beating the consensus estimate of EUR 634.46 million for its last published results release dated May 6, 2026.

According to the same Investing.com overview, Campari generated fiscal-year revenue of about EUR 3.05 billion and net income of EUR 346.3 million, with earnings per share of EUR 0.2868, providing a reference point for UBS’s 2026 revenue estimate of EUR 3.08 billion and adjusted net income assumption of EUR 392 million.

The same data set shows EBITDA of EUR 750.2 million and a net debt to EBITDA multiple of 11.37 times, illustrating the group’s leverage profile that UBS expects to improve to net debt of EUR 1.72 billion in 2026 and EUR 1.47 billion in 2027, based on projections cited by MarketScreener.

Growth initiatives in Southeast Asia complement guidance

Campari’s fundamental story is also supported by expansion initiatives in key growth regions. As AAP News reported on September 18, 2026, Campari Group is accelerating the growth of spritz culture in Southeast Asia through its aperitivo portfolio, including Aperol and Campari, aiming to strengthen its presence in markets such as Singapore.

The release via AAP News highlights that Campari’s strategy includes promoting aperitivo occasions and leveraging its premium brands to build long-term demand, which ties in with the company’s guidance for low single-digit organic sales growth in 2026 and UBS’s slightly higher 3.4 percent forecast.

For investors, the combination of modest organic growth guidance, expanding geographic footprint and a supportive analyst stance with a price target above the current share price frames Campari as a spirits group balancing brand investment with profitability targets into the 2026 financial year.

Stock price level and market metrics

On Euronext Milan, Campari stock last closed around EUR 5.928 on September 17, 2026, which is below the EUR 7.00 price target set by UBS and leaves potential upside of more than 18 percent if the stock were to reach that target on the same currency basis.

Per the latest equity data snapshot on September 19, 2026, Campari’s market capitalization stands near EUR 18.93 billion and the one-year share price change is about minus 5.54 percent, which places the current price level below the prior-year range and indicates that the stock has lagged over the last twelve months compared with its own history, according to Investing.com.

The same overview shows a dividend of EUR 0.10 per share for a yield of about 1.87 percent, giving income-oriented shareholders a modest cash return while they watch how Campari delivers on its 10 to 11 percent growth guidance cited in a broader European equity context by Borsa Italiana Radiocor on September 18, 2026.

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