Goldman raises target for Iberdrola stock to EUR 25

Published on 10/02/2026 at 16:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit rose 22.00 percent to EUR 4.33 billion in the first half of 2026. Iberdrola stock costs EUR 21.02 on October 2, 2026 after EUR 20.81.

Makroaufnahme einer Solarzellenoberfläche mit feinen Strukturen — Makroaufnahme zeigt Solarzellen-Oberfläche in extremer Nahaufnahme, thematisch verknüpft mit Iberdrola S.A. (ISIN ES0144580Y14), Illustration mit AI erstellt.

Iberdrola (ISIN ES0144580Y14) was trading at EUR 21.02 at Lang & Schwarz on October 2, 2026 at 4:08 p.m. CEST, up 1.01 percent versus the prior close of EUR 20.81. According to Yahoo Finance on October 1, 2026, Goldman Sachs upgraded Iberdrola from Neutral to Buy and raised its price target from EUR 21.00 to EUR 25.00.

Profit growth supports the upgrade

Iberdrola reported net profit of EUR 4.33 billion in the first half of 2026, up 22.00 percent from the same period a year earlier, according to Yahoo Finance. Adjusted EBITDA increased 7.00 percent to EUR 8.05 billion in the same period, giving Goldman a stronger earnings base for its valuation view.

The company investor page reports EUR 7.00 billion of investment in the first half of 2026, with 63.00 percent allocated to networks and network assets reaching EUR 55.00 billion. That mix matters because regulated networks provide a more visible earnings foundation than power generation alone, while the capital program also increases financing demands.

Analysts lift targets and risks

Goldman's EUR 25.00 target stands 18.93 percent above the Lang & Schwarz price of EUR 21.02. The comparison is material because the target sits above both the current quote and the EUR 22.08 52-week high.

Yahoo Finance also reported that Deutsche Bank upgraded Iberdrola from Hold to Buy on September 29, 2026 and raised its target from EUR 18.50 to EUR 22.00. The same report identified weaker power prices, regulatory changes in Spain and Britain, and lower permitted network returns as risks to the valuation.

Results date gives the next test

Iberdrola's investor calendar schedules the presentation of its nine-month 2026 results for October 21, 2026, according to Iberdrola. The report will give investors a fresh read on network growth, investment intensity and the company's full-year outlook.

Stock remains below its yearly high

Iberdrola stock was 4.80 percent below its 52-week high of EUR 22.08 on October 2, 2026. The Lang & Schwarz quote stood at EUR 21.02 at 4:08 p.m. CEST, plus 1.01 percent versus the prior close of EUR 20.81. The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.