KBC raises target for Vopak stock from EUR 56.00 to EUR 64.00

Published on 10/13/2026 at 00:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vopak reached 91.00 percent occupancy and lifted EBITDA 5.00 percent in the first half. Vopak stock had a EUR 5.9 billion market capitalization on October 12, 2026.

Key points in brief

KBC Securities raised its Vopak price target from EUR 56.00 to EUR 64.00 on October 5, 2026, while keeping its Buy rating.
Vopak reported 91.00 percent occupancy and 5.00 percent proportional EBITDA growth in the first half of 2026.
The company raised its fiscal 2026 proportional EBITDA outlook to EUR 1.18-1.22 billion.
Vopak's market capitalization was EUR 5.9 billion as of October 12, 2026, with the next interim update scheduled for November 4, 2026.

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Vopak (ISIN NL0009432491) received a higher price target from KBC Securities, which raised its view from EUR 56.00 to EUR 64.00 on October 5, 2026, while keeping its Buy rating, according to IEX. The target change puts operating resilience and new growth projects at the center of the Vopak discussion.

KBC target reaches EUR 64.00

KBC analyst Kristof Samoy cited Vopak's stable 91.00 percent occupancy rate in the first and second quarters of 2026, together with the company's higher fiscal 2026 outlook, in the October 5 assessment. The report also pointed to Vopak's battery energy storage investments and expected project awards as factors behind the revised valuation, IEX reported.

Three dated operating milestones

On July 2, 2026, Vopak reported the acquisition of a majority stake in Green Energy Storage and a final investment decision for a 200 MW and 800 MWh battery project in the Netherlands, according to its Vopak investor page. On July 30, 2026, management reported 91.00 percent first-half occupancy and 5.00 percent proportional EBITDA growth, while the fiscal 2026 EBITDA outlook rose to EUR 1.18-1.22 billion, according to Yahoo Finance. The October 5 KBC target increase to EUR 64.00 is the latest dated milestone in this sequence.

What does the outlook mean for cash flow?

The higher EBITDA range is paired with a 74.00 percent EBITDA-to-cash conversion rate in the first half of 2026, according to Yahoo Finance. That combination gives the outlook a cash-generation angle, although the same call described regional operating pressure in Asia and the Middle East and linked the revised range to ongoing market uncertainty.

Next reporting dates

Vopak's investor calendar lists November 4, 2026, for publication of the third quarter 2026 interim update and February 18, 2027, for fiscal 2026 results, according to the Vopak investor page. Those dates give the market two scheduled checkpoints for testing the EUR 1.18-1.22 billion EBITDA outlook.

Market value and stock context

Vopak had a market capitalization of EUR 5.9 billion as of October 12, 2026. Its 52-week range was EUR 36.58 to EUR 51.70 on the same dated market snapshot, placing the valuation near the upper end of that interval. Vopak is listed on Euronext Amsterdam under ticker VPK.AS and operates in the energy sector, with a business focused on storage and handling of bulk liquids, according to Global Banking and Finance Review. The further course of trading is shown by the continuously updated real-time quote of Vopak stock.