Bernstein keeps a EUR 9.80 target for Enel stock

Published on 10/08/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half EBITDA rose 3.00 percent to EUR 11.80 billion. Enel stock costs EUR 8.75 on October 8, 2026 after EUR 8.72, plus 0.34 percent.

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Enel (ISIN IT0003128367) was trading at EUR 8.75 at Lang & Schwarz on October 8, 2026 at 11:02 a.m. CEST, up 0.34 percent versus the prior close of EUR 8.72. Bernstein Research kept its Market-Perform rating and EUR 9.80 price target for Enel in a study dated September 24, 2026, according to FinanzNachrichten.

Bernstein sees a EUR 9.80 target

The target stands 12.00 percent above the Lang & Schwarz price, calculated from EUR 9.80 and EUR 8.75. Bernstein analyst Jorge Alonso Suils wrote that the impact of bond yields on European utilities was less severe than feared, while longer-term correlations between yields and share prices were lower.

The rating remains selective rather than broadly positive. Bernstein identified National Grid, EDP and SSE as preferred utility stocks in the September 24 study, making the EUR 9.80 Enel target a valuation reference rather than a new upgrade.

First-half earnings rose 3.00 percent

Enel's first-half 2026 EBITDA increased 3.00 percent year over year to EUR 11.80 billion, while net income rose 3.00 percent to EUR 3.90 billion. The figures were described as in line with expectations in the company's earnings call transcript published by Yahoo Finance.

The comparison matters because operating growth remained positive but modest: both EBITDA and net income increased by 3.00 percent, rather than showing a widening gap between profit and operating performance. Enel's first-half results therefore provide a steadier earnings backdrop for the analyst target than a one-off profit surge would.

Partnership adds a strategic signal

On October 7, 2026, Enel announced that it would become the Official Energy Partner and Premium Sponsor of Venezia FC for the 2026/2027 season. The company said the partnership will place its brand at the club's training center and stadium, according to Enel.

The sponsorship is a branding initiative rather than an earnings forecast, so the first-half numbers and the analyst valuation remain the more relevant reference points for the stock. InvestPane lists November 12, 2026 as the next results date for Enel in its company overview, which keeps the next quarterly update as the next scheduled numerical test.

Enel stock remains below target

Enel stock was trading at EUR 8.75 at Lang & Schwarz on October 8, 2026 at 11:02 a.m. CEST, plus 0.34 percent versus the prior close of EUR 8.72. The finance snapshot shows a market capitalization of EUR 86.9 billion and a 52-week range of EUR 8.20 to EUR 10.31 as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Enel stock.