BofA started coverage of Fincantieri stock with Buy and EUR 17 target

Published on 10/08/2026 at 13:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA set a EUR 17.00 target on October 1, 2026. Fincantieri stock was EUR 11.71 on October 8, 2026 versus EUR 11.98, down 2.25 percent.

Fincantieri, IT0005599938, Illustration mit AI erstellt.

Fincantieri (IT0005599938) was trading at EUR 11.71 at Lang & Schwarz on October 8, 2026 at 12:48 p.m. CEST, down 2.25 percent versus the EUR 11.98 prior close. Bank of America started coverage on October 1 with a Buy rating and a EUR 17.00 price target, giving the latest market debate a clear earnings-growth angle.

Bank of America sees earnings upside

According to Economia Italiacom on October 1, 2026, Bank of America initiated coverage with a Buy rating and a EUR 17.00 target. The report said the market had not fully valued Fincantieri's underwater acquisitions and expected earnings per share to grow at a 34.00 percent compound annual rate from 2026 to 2030, versus 23.00 percent for the covered defense companies.

The target is EUR 5.29 above the Lang & Schwarz price, or 31.12 percent, using the same euro currency. Bank of America also cited a 5.4 times 2030 enterprise value to operating profit multiple for Fincantieri against 7.7 times for its defense-stock comparison.

First-half profit nearly triples

Fincantieri's first-half 2026 results provide the operating evidence behind that view. In its earnings call, Yahoo Finance reported revenue of EUR 4.58 billion and net profit of EUR 102.00 million for the first half of 2026. Net profit was nearly triple the EUR 35.00 million recorded in the first half of 2025, while the EBITDA margin reached 7.60 percent compared with 6.80 percent a year earlier.

Order intake reached EUR 6.10 billion in the first half of 2026, and the backlog stood at EUR 43.00 billion. That backlog gives Fincantieri visibility through 2039, while the company said the Underwater segment grew by 30.00 percent during the period.

Guidance keeps the valuation test high

Fincantieri confirmed 2026 revenue guidance of EUR 9.30 billion to EUR 9.40 billion and net profit guidance of EUR 140.00 million to EUR 180.00 million in the first-half results call. The midpoint of the net profit range is EUR 160.00 million, compared with EUR 102.00 million already earned in the first half.

The company also reported that the EBITDA margin reached 7.60 percent in the first half, above the full-year guidance of 7.50 percent. For investors, the central question is execution: the defense order pipeline and underwater expansion must convert into revenue while cruise profitability remains supportive.

Fincantieri stock stays under pressure

Fincantieri is listed on Borsa Italiana under ticker FCT.MI, according to Global Banking and Finance. The Lang & Schwarz price was EUR 11.71 on October 8, 2026 at 12:48 p.m. CEST, compared with the EUR 11.98 prior close and a daily change of minus 2.25 percent. The further course of trading is shown by the continuously updated real-time quote of Fincantieri stock.