Bernstein raises target for Saipem stock from EUR 4.96 to EUR 5.44

Published on 10/15/2026 at 10:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saipem reports third-quarter results on November 18, 2026. Saipem stock spans EUR 2.17 to EUR 4.85 over 52 weeks as of October 14, 2026.

Analyst and reporting milestones

Bernstein raised its Saipem target from EUR 4.96 to EUR 5.44 on October 9, 2026.
Saipem will approve third-quarter results and 2027 guidance on November 18, 2026.
Saipem stock had a 52-week range of EUR 2.17 to EUR 4.85 as of October 14, 2026.

Saipem, IT0000068525, Illustration mit AI erstellt.

Saipem (IT0000068525) faces a revised Bernstein target of EUR 5.44, up from EUR 4.96, announced on October 9, 2026. According to Corriere, Bernstein kept its Outperform recommendation. Saipem's next results date is November 18, 2026.

Bernstein target sets the test

The target increase amounts to 9.68 percent versus the previous EUR 4.96 level. That comparison gives the analyst action more weight than a simple change in wording: Bernstein raised both the valuation reference and its recommendation outlook on October 9, 2026.

Historical financial figures provide a second reference point. Repubblica reports revenue of EUR 14.552 billion in fiscal year 2024, compared with EUR 11.898 billion in fiscal year 2023, an increase of 22.31 percent. Operating profit reached EUR 606.00 million in fiscal year 2024, versus EUR 437.00 million in fiscal year 2023.

What does the target mean?

The immediate test is whether the company can support the analyst case with execution in the third quarter. Saipem's calendar links the results to 2027 guidance, making the November announcement more informative than a standalone reporting date.

Three milestones shape the setup

Saipem's recent chronology includes a USD 350.00 million Angola offshore contract announced on September 14, 2026, according to ClickPetroleo e Gas. On September 15, 2026, Saipem transferred five Saudi Arabian jack-up rigs in a sale advised by Clifford Chance. On October 9, 2026, Bernstein raised its target from EUR 4.96 to EUR 5.44, the latest of the three events.

Saipem scheduled approval of the consolidated results for September 30, 2026, and 2027 guidance for November 18, 2026. The conference call is scheduled for November 19, 2026.

Range frames the stock picture

Saipem stock had a 52-week range of EUR 2.17 to EUR 4.85 as of October 14, 2026, according to Repubblica. Saipem is listed on the Milan Stock Exchange and provides engineering, construction and drilling services for energy and infrastructure projects.