Goldman Sachs keeps EUR 8.90 target for Terna stock

Published on 10/14/2026 at 15:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 12.00 percent in the first half of 2026. Terna stock costs EUR 9.27 on October 14, 2026, plus 0.22 percent versus the Xetra close.

Analyst view and trading frame

Goldman Sachs maintained its Sell rating and EUR 8.90 target for Terna on October 13, 2026.
Revenue increased 12.00 percent to EUR 2.10 billion in the first half of 2026.
Terna stock costs EUR 9.27 at Lang & Schwarz on October 14, 2026 at 5:35 p.m. CEST, plus 0.22 percent versus the Xetra close of October 13, 2026.
Terna's P/E is 17.45, and the next earnings date is November 12, 2026.

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Goldman Sachs maintained its Sell rating and an EUR 8.90 price target for Terna stock on October 13, 2026, according to Investing.com. Against the EUR 9.27 Lang & Schwarz price, the target is EUR 0.37 lower, a 3.99 percent gap based on the stock price. Terna was trading at EUR 9.27 at Lang & Schwarz on October 14, 2026 at 3:35 p.m. CEST, plus 0.22 percent versus the Xetra close of EUR 9.25 on October 13, 2026.

Revenue growth reached 12.00 percent

Investing.com reported that Terna's revenue increased 12.00 percent to EUR 2.10 billion in the first half of 2026. The same summary put earnings before interest, taxes, depreciation and amortization at EUR 1.50 billion, up 8.00 percent, while net income reached EUR 591.00 million, up 1.00 percent.

The operating mix also shifted toward non-regulated activities. Revenue in that business rose 50.00 percent to EUR 451.00 million, and its earnings before interest, taxes, depreciation and amortization increased 81.00 percent to EUR 106.00 million in the first half of 2026, according to Investing.com.

Stock remains below yearly high

Terna's Milan-listed shares covered EUR 8.70 to EUR 10.41 over the latest 52-week period. At EUR 9.27, the stock stood EUR 1.14 below the high, equal to a 10.95 percent distance, while the latest reported volume was 3.04 million shares and the three-month average was 3.72 million shares.

Valuation and reporting date

Terna's market capitalization was EUR 18.6 billion, its P/E ratio was 17.45 and its dividend yield was 4.32 percent in the latest quoted market snapshot. The average 12-month analyst target was EUR 9.85, based on 20 analysts, while the consensus was Neutral, according to Investing.com.

Investing.com lists November 12, 2026 as Terna's next earnings date. That date gives the market a defined checkpoint after the first-half revenue increase and the latest analyst view.

Comparison with peers

Terna (Milan, EUR): plus 0.22 percent, P/E 17.45, market capitalization EUR 18.6 billion.
Enel (Milan, EUR): plus 0.49 percent, P/E 22.63, market capitalization EUR 89.8 billion.
A2A (Milan, EUR): plus 1.02 percent, P/E 10.97, market capitalization EUR 7.4 billion.

Price and trading position

Terna's EUR 9.27 price was 10.95 percent below its EUR 10.41 52-week high and 6.55 percent above its EUR 8.70 low. The comparison with the EUR 9.25 Xetra close of October 13, 2026 produced a plus 0.22 percent move in the Lang & Schwarz quote.

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