CaixaBank stock falls 1.70 percent as UBS lifts target to EUR 14.90

Published on 09/29/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CaixaBank stock carried a EUR 88.6 billion market value on September 29, 2026. First-half net income reached EUR 3.2 billion, up 8.50 percent year over year.

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CaixaBank (ISIN ES0140609019) stock was trading at EUR 12.72 at Lang & Schwarz on September 29, 2026, at 4:09 p.m. CEST, down 1.70 percent from the prior close of EUR 12.94. The key counterweight is UBS, which upgraded the bank to Buy and lifted its price target to EUR 14.90 from EUR 12.40 on September 23, 2026, as Investing.com reported.

UBS raises the valuation bar

The EUR 2.50 target increase gives UBS a materially higher valuation framework than its previous view. The new target lies 17.14 percent above the Lang & Schwarz price of EUR 12.72, while the old target was 2.52 percent below that price.

UBS expects CaixaBank earnings per share to grow at a 12.00 percent compound annual rate in 2027 and 2028, according to Investing.com. The broker also forecasts net interest income growth of 9.00 percent, compared with 5.00 percent to 7.00 percent for Spanish domestic peers.

First half delivers higher profit

CaixaBank reported net income of EUR 3.203 billion for the first half of 2026, an 8.50 percent increase from EUR 2.951 billion in the same period of 2025. Intereconomia reported the figures on September 11, 2026.

The same report put CaixaBank's customer base at 20.9 million in Spain and Portugal and its assets above EUR 693.0 billion. The scale of the balance sheet helps explain why UBS linked its higher target to loan growth, a defensive deposit base and the renewal of EUR 25.0 billion to EUR 30.0 billion of low-yielding bonds.

Stock remains below its yearly high

CaixaBank had a market capitalization of EUR 88.6 billion on September 29, 2026. Its 52-week range was EUR 8.57 to EUR 13.56, placing the Lang & Schwarz price 6.19 percent below the yearly high and 48.42 percent above the yearly low.

The combination of a 1.70 percent daily decline and a higher UBS target leaves two signals in view: near-term trading pressure and a bullish medium-term valuation call. The next market test is whether earnings growth can support the target without relying solely on a broader banking-sector re-rating.