Equita raised Pirelli target and reaffirmed Buy for Pirelli stock

Published on 10/13/2026 at 03:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equita set a EUR 6.70 target on September 23, 2026 and kept Buy. The rating for Pirelli stock accompanied EUR 6.75-6.95 billion 2026 revenue guidance.

Key points in brief

Equita raised its Pirelli target to EUR 6.70 and reaffirmed a Buy rating on September 23, 2026.
Pirelli reported EUR 3.49 billion in first-half 2026 revenue and EUR 558.00 million in adjusted EBIT.
The company is scheduled to report third-quarter 2026 results on November 4, 2026.
The last Lang & Schwarz quote was EUR 6.61 on October 12, 2026, while the 52-week range was EUR 5.31 to EUR 7.17.

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Equita raised its target for Pirelli stock from EUR 6.55 to EUR 6.70 and reaffirmed a Buy rating on September 23, 2026, according to Teleborsa. The target followed Pirelli's EUR 1.00 billion US investment plan and its confirmed 2026 outlook.

Three dated company milestones

On July 29, 2026, Pirelli presented first-half results with EUR 3.49 billion in revenue, 2.50 percent organic growth and EUR 558.00 million in adjusted EBIT, according to the Yahoo Finance transcript. Adjusted EBIT carried a 16.00 percent margin, while net income reached EUR 299.00 million, up 13.30 percent from the first half of 2025.

On September 22, 2026, Pirelli's board approved the US expansion plan, which is designed to lift the Rome, Georgia plant to 6.00 million car tires of annual capacity by 2033, according to Pirelli. The company said the project would not change its 2026 targets.

On September 23, 2026, Equita lifted the price target from EUR 6.55 to EUR 6.70 and retained Buy, as Teleborsa reported.

What does the target change mean?

The target revision puts the US plan into the valuation discussion, but its financial contribution is deferred. Equita estimated more than EUR 600.00 million of additional revenue at full operation in 2033, while the impact on Pirelli's income statement begins gradually from 2028, according to Teleborsa. That timing makes the 2026 guidance the nearer test for the stock.

Pirelli's 2026 revenue guidance stands at EUR 6.75 billion to EUR 6.95 billion, with adjusted EBIT profitability expected at 16.00 percent and net cash generation before dividends at EUR 500.00 million, according to Yahoo Finance. The comparison is mixed: first-half organic growth reached 2.50 percent, but operating net cash flow was negative EUR 416.00 million in the same period.

Next results date is November 4

Pirelli is scheduled to publish third-quarter 2026 results on November 4, 2026, according to the dated market coverage from Teleborsa. The report will show whether the confirmed revenue corridor and 16.00 percent adjusted EBIT margin remain intact after the first-half cash outflow.

Last quote dated October 12

The last available Lang & Schwarz quote stood at EUR 6.61 on October 12, 2026 at 10:58 p.m. CEST. The same-day finance snapshot showed a 52-week range of EUR 5.31 to EUR 7.17 and market capitalization of EUR 7.2 billion.

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