EVN stock: Baader keeps its EUR 33.20 target

Published on 10/20/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EVN plans EUR 1.00 billion in annual investment by 2030. EVN stock costs EUR 29.20 on October 20, 2026 at 4:00 p.m. CEST, with a EUR 33.20 target.

Analyst view and investment plans

Baader Bank kept its EUR 33.20 target for EVN on October 2, 2026.
EVN plans EUR 1.00 billion in annual investments through 2030.
EVN stock costs EUR 29.20 at Lang & Schwarz on October 20, 2026 at 4:00 p.m. CEST, 4.10 percent below the 52-week high of EUR 30.45.
EVN is scheduled to report annual results on December 17, 2026.

EVN, AT0000741053, Illustration mit AI erstellt.

EVN (ISIN AT0000741053) was trading at EUR 29.20 at Lang & Schwarz on October 20, 2026 at 4:00 p.m. CEST. On October 2, 2026, Baader Bank kept its Add rating and EUR 33.20 price target after EVN's capital markets day, according to Boerse Social.

Target leaves room above the price

Baader's target lies 13.70 percent above the Lang & Schwarz price. The research view also set a longer-term framework: EVN aims for EBITDA of EUR 1.20 billion by 2030, while annual investments are planned at EUR 1.00 billion. The figures were outlined after the October 1, 2026 capital markets day, as reported by Handelsblatt.

EVN stock stays below its high

The stock's 52-week range is EUR 24.55 to EUR 30.45, putting EUR 29.20 4.10 percent below the high and 18.94 percent above the low. The market capitalization is EUR 5.2 billion, and the price-to-earnings ratio is 9.86. These market figures are dated October 20, 2026.

What does the target imply?

EVN's latest operating picture combines higher network earnings with a substantial investment program. In the first nine months of fiscal year 2025/26, EBITDA rose 4.90 percent to EUR 748.50 million, according to Handelsblatt. Net income reached EUR 525.10 million, up 20.80 percent from the comparable period, with one-off effects also contributing, according to Finanztrends.

For fiscal year 2025/26, EVN expects net income of EUR 470.00 million to EUR 490.00 million, compared with its previous outlook of EUR 430.00 million to EUR 480.00 million. The company also plans to keep its minimum dividend at EUR 0.90 per share for fiscal year 2025/26 and raise it to at least EUR 1.10 by fiscal year 2029/30.

Dates and valuation frame

EVN is scheduled to publish annual results on December 17, 2026, according to Simply Wall St. The next report will give investors a concrete test of the 2025/26 earnings range and the spending path toward 2030.

Stock position and outlook

EVN's valuation remains tied to two measurable factors: the earnings range for fiscal year 2025/26 and the scale of planned network and renewable investment. The EUR 33.20 target from Baader sits above the current euro price, while the stock remains below its 52-week high.

EVN was trading at EUR 29.20 at Lang & Schwarz on October 20, 2026 at 4:00 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of EVN stock.