Goldman upgrades Iberdrola stock to Buy with EUR 25 target

Published on 10/07/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit rose 22.00 percent to EUR 4.33 billion. Iberdrola stock costs EUR 20.89 on October 7, 2026 after EUR 20.99.

Offshore-Windpark mit Windturbinen im Meer bei Sonnenuntergang — Fotorealistisches Bild zeigt Offshore-Windpark der Iberdrola S.A. (ISIN ES0144580Y14) mit modernen Windturbinen im Meer, Illustration mit AI erstellt.

Iberdrola stock (ISIN ES0144580Y14) was at EUR 20.89 at Lang & Schwarz on October 7, 2026 at 9:43 a.m. CEST. Goldman Sachs upgraded Iberdrola from Neutral to Buy and raised its price target from EUR 21.00 to EUR 25.00 in a note dated October 1, 2026, as Yahoo Finance reported.

Goldman sets a higher valuation bar

The target increase gives Iberdrola a clear valuation reference ahead of its next results. The EUR 25.00 target is 19.67 percent above the EUR 20.89 Lang & Schwarz price, calculated in the same currency.

Goldman cited expected double-digit earnings growth through 2031, while the upgrade moved the bank's view from Neutral to Buy. The revised target also sits above the EUR 22.00 target published by Deutsche Bank Research on September 29, 2026, which was accompanied by a move from Hold to Buy.

Networks carry the investment case

Iberdrola's latest investor figures show reported net profit of EUR 4.33 billion in the first half of 2026, up 22.00 percent from the first half of 2025. Adjusted EBITDA reached EUR 8.05 billion in the same period, while total investment stood at EUR 7.00 billion, with 63.00 percent allocated to networks, according to Iberdrola.

The network strategy gained a concrete operating milestone on October 1, 2026. Iberdrola said its subsidiary Neoenergia completed an expanded alliance with Singapore sovereign wealth fund GIC, adding seven transmission assets and taking the joint platform to 16 assets and 6,710 kilometers of lines, as Iberdrola said. Neoenergia increased its stake from 50.00 percent to 51.00 percent and retained control.

Results set the next market test

Iberdrola's next scheduled reporting date is October 21, 2026, when it will present results for the first nine months of 2026, according to the company's investor calendar. That event will put the current growth narrative against fresh operating figures and the 2026 outlook.

At Lang & Schwarz, the EUR 20.89 intraday price was 0.48 percent below the Xetra close of EUR 20.99 on October 6, 2026. Iberdrola's market capitalization was EUR 139.1 billion on October 7, 2026, and its 52-week range was EUR 16.35 to EUR 22.08.

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