Renta 4 raises Acerinox target to EUR 22.80 for Acerinox stock

Published on 10/13/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Acerinox stock is EUR 16.96 on October 13, 2026, below its EUR 18.58 high. Renta 4 sees EUR 22.80 and Q3 EBITDA at EUR 189.50 million.

Key points in brief

Renta 4 raised its Acerinox price target from EUR 20.00 to EUR 22.80 on October 5, 2026.
Acerinox reported EUR 271.00 million in EBITDA for the first half of 2026, up 27.00 percent year over year.
Acerinox stock was trading at EUR 16.96 at Lang & Schwarz on October 13, 2026, within a EUR 11.03 to EUR 18.58 52-week range.
Acerinox is scheduled to report third-quarter 2026 results on October 30, 2026.

Aquarellillustration der Madrider Skyline bei Sonnenuntergang mit Hochhäusern — Aquarellmalerei der Madrider Skyline symbolisiert den Sitz von Acerinox S.A. (ISIN ES0132105018) nahe IBEX 35, Illustration mit AI erstellt.

Acerinox (ISIN ES0132105018) was trading at EUR 16.96 at Lang & Schwarz on October 13, 2026 at 9:34 a.m. CEST. On October 5, 2026, Renta 4 raised its price target from EUR 20.00 to EUR 22.80 and reiterated its Overweight rating, according to Estrategias de Inversion.

Three dated milestones

On February 27, 2026, Europa Press reported that Acerinox had posted a EUR 40.00 million loss for fiscal year 2025 while revenue increased 7.00 percent after the Haynes International integration.

On July 24, 2026, Acerinox reported second-quarter EBITDA of EUR 176.00 million, up 85.00 percent from the first quarter, while first-half EBITDA reached EUR 271.00 million, up 27.00 percent year over year, according to Yahoo Finance. The October 5 target increase is the latest of the three milestones and shifts attention toward the expected recovery in 2027.

What does the target imply?

Renta 4 expects third-quarter EBITDA of EUR 189.50 million, 75.50 percent above the same period of 2025 and 7.70 percent above the second quarter. The firm also forecasts 2026 EBITDA of EUR 628.80 million and 2027 EBITDA of EUR 842.60 million, implying 34.00 percent growth in 2027, according to Estrategias de Inversion.

The forecast rests on improving stainless steel operations, stronger high-performance alloys demand and lower European imports. The counter-factor is also quantified: Renta 4 models a downside case with 2027 EBITDA of EUR 703.00 million and a EUR 14.86 price target if Acerinox Europa, Haynes and VDM recover more slowly.

Next reporting dates

Acerinox is scheduled to report third-quarter 2026 results on October 30, 2026 and fiscal year 2026 results on February 26, 2027, according to Barron's. The October report will test whether the projected EUR 189.50 million third-quarter EBITDA can support the recovery case.

Stock remains below yearly high

At Lang & Schwarz, Acerinox was trading at EUR 16.96 on October 13, 2026 at 9:34 a.m. CEST. Its 52-week range was EUR 11.03 to EUR 18.58 and its market capitalization was EUR 4.2 billion as of October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of Acerinox stock.