Goldman Sachs raises target for Iberdrola stock to EUR 25.00

Published on 10/09/2026 at 12:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 profit reached EUR 4.33 billion. Iberdrola stock costs EUR 21.36 on October 9, 2026 versus EUR 21.16 prior close.

Key points in brief

Goldman Sachs raised its Iberdrola target from EUR 21.00 to EUR 25.00 on October 1, 2026.
Iberdrola reported EUR 4.33 billion in net profit for the first half of 2026.
The stock was at EUR 21.36 at Lang & Schwarz on October 9, 2026, plus 0.95 percent versus EUR 21.16.
Nine-month 2026 results are scheduled for October 21, 2026.

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Goldman Sachs raised its Iberdrola target from EUR 21.00 to EUR 25.00 and upgraded the stock from Neutral to Buy on October 1, 2026, according to FinanzNachrichten. Iberdrola was trading at EUR 21.36 at Lang & Schwarz on October 9, 2026, plus 0.95 percent versus the prior close, giving the new target a substantial valuation gap.

Three dated Iberdrola developments

On July 21, 2026, Iberdrola disclosed an agreement to acquire an indirect 80 percent stake in Caruna Oy and Caruna Espoo Oy, according to its Iberdrola investor page. On September 28, 2026, the company reported adding 100,000 electricity customers in Spain through the acquisition of Contigo Energia's retail business.

The latest dated market event came on October 1, 2026, when Goldman Sachs lifted its target from EUR 21.00 to EUR 25.00 and changed its rating from Neutral to Buy. The analyst case cited expected average annual growth through 2031, while the target change itself represents a clear shift in valuation assumptions.

What the target increase means

Iberdrola's operating base gives the analyst view measurable support. For the first half of 2026, the company reported net profit of EUR 4.33 billion, adjusted EBITDA of EUR 8.05 billion and total investment of EUR 7.00 billion, according to Iberdrola.

Networks absorbed 63 percent of first-half investment, while renewable generation reached 61,318 GWh. That mix matters because regulated networks can provide earnings visibility, whereas generation results remain more exposed to power prices and regulation.

Upcoming results dates

Iberdrola lists its nine-month 2026 results presentation for October 21, 2026, according to the company's investor calendar. The next annual results are listed for February 24, 2027, in the comdirect event data.

Stock remains below the new target

At Lang & Schwarz, Iberdrola was trading at EUR 21.36 on October 9, 2026 at 12:01 p.m. CEST, plus 0.95 percent versus the prior close of EUR 21.16. The quote was within the EUR 15.00 to EUR 22.07 52-week range, while market capitalization stood at EUR 142.4 billion on the same date.

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