Equita cuts target for Terna stock to EUR 8.90 after rate reset

Published on 10/16/2026 at 10:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Terna bought 977,579 shares in its buyback. Terna stock was EUR 9.37 at Lang & Schwarz on October 16, 2026, with EUR 18.8 billion market value.

Analyst view and company action

Equita cut its Terna target from EUR 9.50 to EUR 8.90 on October 7, 2026.
Terna completed a EUR 9.00 million buyback on October 5, 2026.
Terna stock trades at EUR 9.37 at 10:08 a.m. CEST at Lang & Schwarz on October 16, 2026.

Pop-Art-Comic Strommast Blitzschlag Terna - Rete Elettrica Nazionale IT0003242622 — Terna - Rete Elettrica Nazionale IT0003242622 Pop-Art-Comic zeigt stilisierten Strommast mit gelbem Blitzschlag und Rasterpunkten, Illustration mit AI erstellt.

Terna Rete Elettrica Nazionale SpA (IT0003242622) trades at EUR 9.37 at Lang & Schwarz on October 16, 2026 at 10:08 a.m. CEST. The latest analyst action came from Equita, which cut its target from EUR 9.50 to EUR 8.90 on October 7, 2026, while keeping a Hold rating, according to Repubblica.it.

Why the target changed

Equita linked the lower target to higher interest rates and the regulatory review affecting Terna's regulated activities. Its scenario indicated a 30 to 40 basis-point reduction in allowed returns for 2027 and a net impact of minus 3 to minus 4 percent on 2027 earnings per share, as reported by Repubblica.it. That frames the stock around regulated-return sensitivity rather than a change in Terna's grid role.

Three dates shape the story

On July 29, 2026, Terna's first-half revenue was reported at EUR 2.10 billion, up 12 percent year over year, while EBITDA rose 8 percent to EUR 1.50 billion and net income increased 1 percent to EUR 591.00 million, according to Investing.com.

On October 5, 2026, Terna completed a EUR 9.00 million buyback after purchasing 977,579 shares, according to Teleborsa. On October 7, 2026, Equita's target move to EUR 8.90 supplied the most recent dated analyst signal.

What date comes next

Investing.com lists November 12, 2026 as Terna's next earnings date. That report will give investors a fresh test of the first-half growth figures and the effect of financing conditions on regulated returns.

Stock valuation and trading

Terna has a market capitalization of EUR 18.8 billion as of October 16, 2026, while its 52-week range is EUR 8.70 to EUR 10.41. The current price therefore sits within the year's observed band, and the next earnings date gives the market a defined point for reassessing guidance and the rate-sensitive valuation.

The stock was trading at EUR 9.37 at Lang & Schwarz on October 16, 2026 at 10:08 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Terna stock.