Merlin Properties stock: Goldman Sachs names EUR 17.70 target for Merlin Properties stock

Published on 10/16/2026 at 17:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

P/E was 8.24 on October 16, 2026. Merlin Properties stock costs EUR 11.63 on October 16, 2026, up 2.20 percent versus the Xetra close.

Goldman Sachs target and valuation

Goldman Sachs named a EUR 17.70 target for Merlin Properties on October 15, 2026, 52.19 percent above the price.
Merlin Properties had a P/E ratio of 8.24 as of October 16, 2026.
Merlin Properties stock costs EUR 11.63 at Lang & Schwarz on October 16, 2026 at 5:39 p.m. CEST, 2.20 percent above the Xetra close of October 16, 2026.
The dividend yield stood at 0.02 percent as of October 16, 2026.

Merlin Properties, ES0105025003, Illustration mit AI erstellt.

Goldman Sachs named a EUR 17.70 target for Merlin Properties on October 15, 2026, putting the target 52.19 percent above the EUR 11.63 price. Investing.com reported that Goldman Sachs rated the stock Buy and identified Merlin as a preferred data-center play.

Target leaves a wide valuation gap

The EUR 17.70 target implies 52.19 percent upside from the Lang & Schwarz price, calculated in the same currency. Goldman Sachs linked its view to expected demand in Iberia and Merlin's development pipeline, including potential investment acceleration in Portugal.

The most recent company report available to investors covered the first quarter of 2025. In that period, gross rents reached EUR 132.5 million, up 6.7 percent from the first quarter of 2024, while EBITDA reached EUR 102.0 million, up 8.9 percent. The company also reported occupancy of 96.7 percent. These figures come from the company release dated May 13, 2025, available through Merlin Properties.

Stock position and valuation

Merlin Properties has a 52-week range of EUR 11.29 to EUR 17.00. The Lang & Schwarz price stood 3.01 percent above the 52-week low and 31.59 percent below the 52-week high. Market capitalization was EUR 7.4 billion, while the P/E ratio was 8.24 and the dividend yield was 0.02 percent as of October 16, 2026.

For comparison, Colonial SFL SOCIMI traded at EUR 5.04 with a P/E ratio of 8.58 and a market capitalization of EUR 3.1 billion on October 16, 2026. Merlin Properties remains the larger of the two Spanish listed property groups by market value in this comparison.

Price against the Xetra close

Merlin Properties stock was trading at EUR 11.63 at Lang & Schwarz on October 16, 2026 at 5:39 p.m. CEST, up 2.20 percent versus the Xetra close of October 16, 2026 at EUR 11.38. The bid was EUR 11.59 and the ask was EUR 11.67.

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